cobalt, page-56

Chalco... but surely the results of DFS is material to the market, and thus the company is legally bound to publish! I do hope that with your excellent summation you are not opening yourself up to legal proceedings by suggesting that CDU are withholding price-sensitive information from the market...

FWIW, I completely agree with you, and whilst I think the project has a number of remarkable positives to it, its value has been grossly oversold, and the directors are serial over-reachers and over-promisers.

IMO, they need to get in there, rape and pillage the native copper to get some quick cashflow, and then set about flogging off their sulphide ore to EHM to run through their mill to fill the upcoming production gaps there when Mt Margaret closes down. Slash the capex, ditch the offtake agreement with OW (a majority offtake agreement with a major shareholder? not a great position) and get product to market as fast and as cheap as possible.