Great geology held back?

It's encouraging to see that drilling has commenced again.

Let's hope that Dan Johnson continues to deliver with the exploratory stuff to further increase the overall resource value.

However, as many shareholders have commented, there is a real disconnect between the great geology and the rest of the management of the company.

The latest quarterly (18/4/19) reports that neither the environmental work nor the cobalt metallurgy has been finished yet and both are running unacceptably late:

Environmental:
The quarterly dated 31/3/15 reported that 'Animal Plant Mineral’ had commenced on-site environmental work and this would take 2-3 years maximum to complete to permitting stage.

It is now more than 4 years later and this work still has not been finished?

Hamish Collins and Paul Harris, you owe Shareholders an explanation?

Cobalt Metallurgy:
One of the Shareholders in our group was told by Steve Lonergan on Nov 8, 2017 that sample ore had been shipped out for cobalt metallurgy including roasting tests.

The company presentation dated Feb 2018 reported that the metallurgical testwork was underway with 1.6t of material with the roasting and cobalt calcine leaching phases being conducted by Outotec in Germany and Finland.

The quarterly dated 31/7/18 reported that following the flotation testwork, a 373kg sample of cobalt concentrate had been produced and airfreighted to Outotec's Frankfurt facility for pilot plant roasting.

Now, here we are in May 2019, another year and a half later, and the metallurgy, like the long lead time environmental work, still isn't complete?

Shareholders are entitled to ask – Hamish Collins and Paul Harris – “Why not"?

“What have you been doing? Why can’t you work to the normally accepted commercial time frames that other mining companies seem able to work to?

As Vector posted, the recent quarterly reads like a child’s excuse – "the dog ate my homework"!

The share price based on the fundamentals of the Cu Eqs in the quarterly (i.e. Vardy/Marley and a bit of Amy) should be well north of $1 right now.

Great resource but ........... management?

OCP?....