Another thing to consider when u talk Cobalt is that at PGM's Owendale acreage, the primary Cobalt rich resource is in a separate structure to the Scandium but which partly overlaps the Scandium. Guess that's why we haven't yet defined the size of the separate Cobalt resource, it hasn't been a priority with our focus on becoming a Scandium producer. But with Cobalt prices doubling over the past 6 months it now becomes an issue.
CLQ changed their direction at neighbouring Syerston with the new flavour of the month, well more likely flavour of the next coupla years, when it now promotes primary Cobalt with Scandium byproduct. It all depends on what contracts u think u can do first. But they now talk about a billion buck capex for their Cobalt plans cf 100 mill for previous Scandium plans. Syerston can become a primary producer of Cobalt. So can Owendale if that's the go. Some serious optimization decisions coming once the PFS is completed.
Owendale and Syerston are comparable geological deposits, except we also have another half a million ozs Platinum so far defined coincidentally with the rest, tho suspect when that too becomes a priority for first primary Pt production in Oz, more will be added. PGM has had limited cash to do any serious work at Owendale but now things are changing. Suspect things will dramatically escalate when a serious partner is attracted in due course.
Ditto with Skaergaard, 2013 Scoping Study suggests next phase within the 15 million oz precous metal portion already JORCed should be definition of a suspected 4 g/t core. It all takes serious money and the right market conditions. Hence Owendale is the priority now until precious metals prices start coming alive again, tho u have to admit from a technical perspective, Palladium performance up 30 percent this year must now be raising eyebrows. Its an increasingly exciting time to be involved with PGM, even as a shareholder. And am sure more appropriate technical expertise can be added when required. For now suspect the same engineering consultants are probably being used by everyone in this game.
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