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39.5¢ sunrise energy metals limited

Hence the genius of Robert Friedland in vending this project...

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Bomber78

11,146 Posts.

982

29/11/17

13:11

Post #: 29214497
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Originally posted by aiki99 ↑

These are not my numbers. They are CLQ's own numbers, from their own publications. Let's see what happens when the SNC-Lavalin numbers come out in the DFS. The question was asked "where to from here?". I added my prediction to the discussion, which I am fully aware is going to be different to most people's views on HC.

I want this project to succeed, I am a fan of the company, but the more I delve into the details of the project, when they slowly get leaked to the public, the more I question the economics. Forget the hype and the marketing spin from masters Carr, Riggall and Friedland. A nickel laterite at 0.8% Ni and 0.14% Co is always going to have marginal economics, unless you believe cobalt is going to stay at US$30/lb for the next 20 years.

Look at ***** for historical cobalt prices and see the volatility. Cobalt used to be more expensive in the samarium-cobalt magnet days. The along came neodymium-iron-boron magnets and it wiped out the market for cobalt and samarium. A billion dollars is a lot to bet that the same thing is not going to happen with lithium ion batteries over the 20 year life of the Syerston project.

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Hence the genius of Robert Friedland in vending this project into CLQ.

We have the technology

CLQ Price at posting: $1.60 Sentiment: None Disclosure: Held
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Last 39.5¢		Change -0.005(1.25%)		Mkt cap ! $35.63M

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