There are a couple of advantages that CLQ has:
1. Robert Freidland on board which makes raising capital so much easier - c.f. Pengxin
2. Proprietary technology for getting high purity product which is battery grade on site.
3. Cash already raised to progress to development whereas PGM as still messing about working out how much water they can get out of their bores.
4. Better management
5. First mover advantage will be particularly important for Scandium as the spot price currently at $4500/kg can't last once Syerston starts producing 2.5x the current world production of Scandium.
6. Confidence that this one actually is going to make it to production. Can't be that confident with Allandale or Flemington for that matter. Mind you I hold AUZ.
Cheers,
Tim.
Sprott: Why Cobalt (Not Lithium) Could Be The Battery Boom's Big Commodity Winner, page-13
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