Oh and be sure and always read the ARL string even if you don't own it as it's the cobalt string like PLS is the Lithium string....and tons of great info.
Glencore are cornering the market in cobalt but they need Australia and COB and ARL would be in their sights.
Both will be first to develop. Happy to wait on this. Cobalt pricing makes the development economics pretty sound..
We are also still defining our resource but very confident mgt we will much much bigger too.
This is a happy place to be parked right now.
Less downside risk and far more upside risk and very low CR risk for quite some time unless HUGE news.
If it goes lower I'll add to this in at 33.5c and I always allow for 30% fall at this level. I always look for 30/200s.....
We just might be a 30/500 that is a -30% risk v 500%+ upside
Our EV, location, grade, cash and resource size v other should give us far more downside protection than many others.
Today we have exiting DTs tomorrow we reset.
WMN went 300% in day and I reckon we should have got that !! Lol.
GG
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