They are in the habit of comparing the Sunrise project to other comparable
projects with similar mineral targets.
That is what I did. That is what most people do.
And we of necessity will continue to do it. CLQ's main visible asset is a mining project, absolutely.
But one needs to grasp the fact that as a company, CLQ IS NOT A MINING COMPANY.
CLQ is a tech company with a mining project.
By way of illustration, let us look at spec miners that commonly come up in discussion.
PGM, cap of $30 mil, has another mining project in Greenland in addition to Owendale.
AUZ, cap $300 mil, striving to match CLQ blow-for-blow, has two projects besides Sconi...Flemington and Thack.
ARL, cap $120 mi, is clearly a spec miner.
These miners have flagship mining projects and secondary mining projects and tertiary mining prospects.
They are miners.
QUESTION: CLQ cap $800 mil...what is their pipeline of mining projects ?
What juicy in-ground projects are coming after Sunrise ?
ANSWER: There aren't any !
WHY THERE AREN'T ANY...because CLQ's prospects and projects are not in spec mining.
CLQ has the materials in the ground at Sunrise, of course. Sunrise will be a hugely profitable mine, God willing.
But traditional mining is not the main thing now for CLQ.
It is what got our attention, and it is what most people look at. But CLQ is a new breed.
CLQ is going after the "applied mining technology" sector. This is a new sector that I just recognized.
There are no analysts for it.
The targets are materials extraction technology, water purification, IP, and distribution of the technologies that are being demonstrated at Sunrise.
Here are the other "projects" of Clean Teq:
--Clean Teq Water business
--JV's with Chinese para-statal water and mining corporations
--R&D relationships with Monash and Chongqing, research universities
--African distribution of Clean iX and CIF
--Possible JV with Ionic Industries
Recently there have been no sales of cobalt sulfate or nickel sulfate, outside of small amounts from their demonstration plant.Maybe in two or three years, Sunrise will ship something.
But there have been contracts landed by Multotec for mineral extraction, water remediation, and a provincial-sized deal in China for water purification; patents filed for scandium; agreements on research; and a potential JV wwith Ionic is lurking.
Judge for yourself. Are these activities normal for a spec miner ?
CLQ Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
