JRV Cobalt, page-124

"I believe JRV should get some more Idaho’s going"

@zempheth, perhaps there's some truth there but I think that comment underestimates the difficult of getting funding, even for low capex projects with large amounts of sunk cost like ICO. JRV management got the US$100m bond locked away (which took a good 18-24 months, although it appears much of this was down to Covid), but their next move has not been to get another small mining project (which would be more leveraged to commodity prices as you/Canaccord seem to be saying), but rather a more stable cashflow-generating asset. The Kokkola purchase was the trigger for me to buy in (once the SP hit the 44c CR/rights issue price). Trying to start up too many small mines with highish operational risk isn't the way the experienced Jervois Execs want to go about it. I suppose it's partly a resource constraint: if you want to start up two mines concurrently, you need 2x teams, 2x EGM's, 2x capex, etc.