If they are planning on chasing a new gold project, while the Dobsina mine is locked up waiting for the Cobalt price to improve, it would probably make sense to check out what else in WA, nearer to their own tenements, could perhaps become another Bellevue.
Interesting that Glencore announced the other day that they are closing their DRC Cobalt operation "until the Cobalt price rebounds" - which it undoubtedly should if such a large supplier exits for a bit.
The fact that EUC is locking up the Dobsina mine entrances tells us they have found enough to keep them interested. It's just that at the currrent price it's probably not so economic. But in a year's time.......?
In the meantime, a good gold project would keep everyone interested, and should shore up the MC to help fund development in Slovakia when the economics look better.
EUC Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
