I don't think it is an issue for MCT. Firstly, the main project...

I don't think it is an issue for MCT. Firstly, the main project is Admiral Bay Zinc which is world class. MCT also has Lithium, Graphite, Gold etc.... (major landholding in Pilgangoora)

Re the cobalt....

1. We are concentrated on the West side that has already discovered high grade cobalt rock chips.
2. MCT is focused on the Western side of the Basin. (GTE/SFR on the East)
3. MCT has a small part of their tenement with nearlogy to RIR. The vast majority is Westward and quite a distance from RIR.

The Basin is still being touted as very prospective - look at SFR involvement etc...

There was no "buying up" of MCT on the RIR expectation so no selling down either.

Maybe it is an opportunity for RIR investors to take a broader view of the Basin via MCT and GTE knowing that the big play for both companies lies with other projects. Good exposure with lots of derisk.