cobalt, page-5

I actually think having cobalt as 30% of the resource using the company's CU EQ reporting is more of a smoking gun than smoking riches.

IMO they need to have cash flow model for each of the saleable products. Cu and NCU we know they can sell and we know the plant has been designed for maximum commercial extraction of these 2 products - Recovery rates have also been tested on a reasonable amount of ore around 50k ton.

The gold with the Cu and NCU should also be easily recovered and sold at a profit - Cobalt and the gold contained with the cobalt are a huge unknown for me- I would like to see at least a PFS on this given E.H dont sell it as it ends in the tails as well as their magnetite.

I cant see CDU selling the magnetite at a profit any time soon so the cobalt if it cant be commercially extracted at a decent profit is going to significantly impact the project economics given its huge contribution to the Cu EQ reporting regime the comapny has chosen