Recent placement was actually 24c @ $1.42M, not hard for another $100k of volume to flow in before, during and after drilling for cobalt where there is 11% sitting on the surface and 15% in veins. I believe whoever accumulated at these prices will do the same as last time:
...hold tight squeezing the price upwards until the 30-40c range, the difference is this time there is $4M in the bank, and results at Rusty Lake and Bay Lake will be a lot more exciting than the ones that stagnated the price around 30c. Today Superior Lake gained massive attention and 60+% off their highest Zinc grades on the ASX turned into a JORC. Rusty Lake and Bay Lake's early stockpile/vein results are already many fold higher than other companies, and given the amount of prep work done it's very likely this level of Cobalt grades can be found in the upcoming drilling. Cancet's intercepts are likewise many times higher grades than anything I've seen looking through thousands of drill results from every company, if you've seen 18m at ***3.7%*** Li2O (i.e. 55.5m at a more typical 1.2% equivalent) from the very first hole drilled elsewhere, let alone for a 5M UD/9M D market cap please let me know.
Let's not forget Terre Des Montagne, Wells Lacourciere, Sirmac-Clapier and Kapiwak which are all getting airborne magnetics/fieldwork as per company announcements. For reference, Nemaska which Terre Des Montagne is cheekily right next to is at a ~$750M market cap with a 610tpa plant being built and a 33 year mine life.
Sirmac-Clapier is also obviously cheekily close to Nemaska's Sirmac which has some absolutely ridiculous results:
Just in case you missed it, when they say anywhere they mean IN THE ENTIRE WORLD.
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