Interesting proof that big cobalt deals are going on in secret, page-5

Yep, it's certainly overlooked. Good for us A rough diamond indeed.

Main thing is that the market hasn't understood that it' not a standard laterite - $65 Mil CAPEX compared to 600mil or so for a regular nickel dependent laterite mine. Most of the cobalt comparisons floating around totally miss this. $900Mil to build CLQ, $600Mil for ARL, COB unknown and years off.

The JV hasn't marketed Mt Thirsty's advantages yet because the resource size (which could double), and mine plan are still being finalised, and they are a very careful and conservative bunch. If the scoping study comes out all positive new investors will jump onboard.