IMO With COB they also have a patented process of extraction which is crucial to make mining feasibility significantly higher for neighboring companies having similar deposits like HAV. This gives a chance of either having another important revenue stream or JV opportunities which is a value add over and above the core business of extracting Cobalt sulphate from its own reserve. Currently they are testing a sample frim HAV ore as proof of concept.
Also OPEX of COB is supposed to be very low.
Just my 2 cents addition to the discussion GLTA
CLA Technical Analysis, page-18
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