Can anybody suggest what CSM is hoping to achieve with the Armstrong Ni deposit? (Refer to the latest annoucement regarding the option agreement) Punters might recall that Titan halted the project after WMR rejected the first shipment of ore to the concentrator because it was metallurgically out-of-spec. So CSM appears to think that it can produce a marketable concentrate from Armstrong ore. Good luck. Although I am a satisfied shareholder, this kind of dealing in risky assets shakes my confidence. As far as I can see, the best option would be to strike a deal with someone who has a hydrometallurgical process that can deal with a dirty concentrate. LionOre? CSM needs to convince this investor that it isn't urinating funds against the wall.
CSM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
