Prices used needs to be based on something substantial, and this is standard practice. Did CLQ do different? I don't remember them using prices independent of analyst forecasts.
Anyway as I said, its irrelevant as the project is being marketed to other parties. This is why they did a full study with sulphide processing, hence the much higher capex than what would have been for standard heap leach and sell project.
Up to the other parties whether they jump in and it wont be an 'AUZ' style option deal...it will be a firm commitment, or nothing. JRV will not be spending anymore money on this project until such a firm commitment is made.
The main game is now M2 Cobalt and ECS. I see M2 Cobalt last night released some very encouraging sampling results from Uganda and drilling has commenced at Bujugali...let's see what the drill bit uncovers.
https://m2cobalt.com/news/2019/174-
Ann: Suspension from Official Quotation, page-22
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