That's my view as well. Might be a trade in it but it's uninvestable until they get the copper and cobalt going imo. The terms of that deal will have them continue to burn through the cash on the magnetite production, and we all know they burn through the cash at an alarming rate.
Will the Copper/Cobalt happen on time, will it encounter any ramp up problems and will grade be what they expect etc etc. Huge unknowns to risk any capital on this at the moment. Better to buy it once proven, miss a couple bags on the way up but not the potential 50-70% on the way down.
ELE Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
