Very nice counter argument. It is something to think about for sure.
It will be interesting to see how cobalt shapes up over the next few years. Looks like the deal would cover up to 5 years of tesla china at full capacity, or maybe 2 to 3 years of telsa world production?
If they do role out zero cobalt, it will take a few years to ramp it up i'd expect.
In the meantime at what price is OPUWO viable and is it feasible that cobalt will be high for that long to justify the risk of capex? All the info available to me and trying to filter agendas and my own bias is why i'm discounting opuwo as an asset and exiting.
My main concern with exit is maybe there is a real project they are working on and this nearology play is a distraction, not the main event.
In anycase, when they go below cash backing and they have a drilling plan it maybe worth a punt.
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