IMO BAR in particular as well as CNJ know exactly what they are doing.......what have they been doing? Simply waiting for Cobalt prices to rise.
It's getting there now and should continue to increase moving forward. They know, and we know via announcements that this oxidised deposit is cheaper and easier to process through a simple acid leaching process with nickel the by product rather than cobalt.
Therefore, IMO not much will happen here this year.....next year will be the lift off year as prices rise.
3 to 4 years to actual mining.
Will I buy more between now and then? You bet ya!
IMO BAR in particular as well as CNJ know exactly what they are...
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