CLQ estimated an IRR of 25% with cobalt at $12/lb and no assumptions around Scandium credits.
The overall Goongarrie resource is 215.6 Mt at 0.06 % cobalt and 0.71 % nickel, and includes over 130,000 t of contained cobalt metal, and over 1,522,000 t contained nickel metal.
With cobalt currently over $43/lb and numerous suitors waiting on the wings, I can’t see why an immediate revaluation to at least $600M+ is not realistic or achievable
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