They might be marking it up for the cap raise. There will definitely be one shortly as they wont risk drilling this with nothing left if it comes up bare. If it does, they will likely be able to secure another project with Jonathan there.... But they wouldn't want to have to raise on the back of a baron drill with no projects in hand. So it makes sense. Hopefully they can push it up a bit higher then raise around these levels.
Ann: Tabac Cobalt Project - Investor Presentation-DLE.AX, page-24
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