What I don't understand:
"Specifically, the Report estimates total capital costs for the Project to be US$784M (including a contingency of US$102 million) compared to the original 2016 PFS capital cost estimate of US$680M (including US$62 million contingency). "
http://clients3.weblink.com.au/pdf/CLQ/01917237.pdf
Basically a billion dollars to get Sunrise running before any profit is are made. ( Except of course CLQ has Cleanteq water, which could be a major event as big as a cobalt mine> An unknown)
Given that ARL and AUZ are developing, nickel scandium cobalt mines. Will their development costs be similar or are they in a different situation? Anyone have any opinions.
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