Australia's largest stock trading and investment forum Australia's #1 stock forum

CNJ

Click for more information

0.00%

0.1¢ conico ltd

I really hope its not prospective for lithium... we are way to...

First 99 Last

Share
Profile

Follow
furfural

359 Posts.

28

16/09/16

19:23

Post #: 19216982
Share

Originally posted by deejaay ↑

If we refer to the last quarterly I believe those tenements were acquired for their lithium potential.

At the forefront at the moment obviously is further defining the Mt Thirsty resource. Once this is done we will be JORC 2012 compliant and on the way to completing a PFS. I'm not seeing why a shallow 40,000T resource of Cobalt is valued so low and will be pleased once the current inferred resource (which is about half of the 40K T total) is updated to an indicated one. Let alone the great potential of going deeper in the Mt Thirsty deposit and further exploration into E63/1267.

At the moment "eCobalt Solutions" (valued at $74M CAD) has less than 17,000T of cobalt planed for their mine that they require $150M USD for. Did you know their only other prospects identified is a further 7,000T of cobalt that they can only further explore once their underground mine is built.

I think their market cap is quite hot solely because of the proximity to Tesla. Personally I think the likes of Japan,Korea, China and Europe will have a much greater demand for EV's in the near term.

Expand

I really hope its not prospective for lithium... we are way to far behind other significant resources that have been found, and the lithium excitement is dying down

CNJ Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BUX

Buxton projects new graphite province discovery at WA Narryer play

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

There are more pages in this discussion • 57 more messages in this thread...

First 99 Last

Add CNJ (ASX) to my watchlist