Hi BobbyKennedy, Great post, I agree with the sentiment. There...

Hi BobbyKennedy,

Great post, I agree with the sentiment. There comes a point in the stage of a company where the market realises the resource is there, and that it's huge. IMO we've hit that point.

What the market now wants to see is whether the resource can be extracted profitably at different Cobalt price points.

Key points in my mind are;

- Very positive Scoping Study showing CLA can take the operation to the mining stage.

- Secure interest/MOU's/Strategic partners for offtake, funding etc.

- If the above can be achieved, anyone then wanting to buy the project from CLA will need to pay a premium.

Patience required over the next 6-8 months. I'm happy the extra work is being done on the OPEX & CAPEX, the better the NPV & IRR in the Scoping Study, the more positive for the company.

There's always the chance of paralysis by over-analysis, but I don't think a 3-4 month push back is too bad considering the possible result.

Cheers!