CLA chart, page-2496

To be honest, I’d be happy enough with an ok, not overly showy, scoping study. Low capex, but not the fittest opex due to mining costs. Enough to keep potential suitors interested but not enough to make a play for us, yet. Gives us time to drill the priority EM targets, find some higher grade and thicker zones of something or other. If cobalt, great. If copper / gold /silver/ vanadium, maybe even better. Our JORC is big enough as is. We’re finding more and closer to surface. We’re open along strike and at depth. More cobalt at similar grades and similar mining costs is a given. But we didn’t undertake the EM survey to find more of the same. But I don’t dis agree with PG that once we have a solid package, get the PR machine rolling.

In the meantime, let the sell wall build. I don’t think this is a leaky ship, not in the slightest. If sellers really wanted to sell, they would have sold already. If they want to suppress the price like I think they do, that’s fine, I’m already set and I ultimately expect more than one suitor will drive price anyway.

Point is, don’t have hung in there for this long to get spooked near the end. Scoping study will be what the scoping study will be. Sense check the assumptions and consider what it would take to improve them, and whether improvement in this areas is a possibility or not.

I still like everything that has unfolded this far, company specific and macro environment. Firm buy and hold from me still.