SRL 6.93% 47.0¢ sunrise energy metals limited

Comments from the CDO of CLQ, page-63

  1. 331 Posts.
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    I most definitely love the scandium upside, and that was and is a significant part of my investment thesis, but would have preferred the DFS be based on cobalt/nickel alone, and the scandium be left as upside. I see huge scandium potential, but when present world production is just 15tpa, future scandium demand, and the time frames for it, require a lot of assumptions that may or may not work out, they won't be the only scandium producer, the future price is just anyone''s guess, so seeing it in the DFS was a very concerning surprise for me. Even though it was a small percentage of overall revenue, the company felt they needed to put it in to make their numbers.
 
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