The cobalt was only specified in the limonite ore which are not worth doing a DSO given the current price (as indicated in their PFS), they will still need to mine these to get to the saprolite ore but they won't be selling these limonite ore so they will be storing them onsite. If the had the milling processing plant, they could extract these onsite and only sell the cobalt ore.....but they don't as they are only a DSO operation, premium nickel DSO is questionable, from the current JORC at Kolosori, I see current 10Mt (5 years of production) as medium 1.5% saprolite grade.
AVQ Price at posting:
18.5¢ Sentiment: Sell Disclosure: Not Held
