I don't mind this announcement, bearing in mind we have already found the "world-class DOF cobalt-copper deposit" and we have a resource upgrade likely next month. Remember our initial target of what was it, 35 million tonnes? We know that the deposit is highly leveraged to the cobalt price and we know it was taken on in March last year when the LME cobalt price was the same as it is now. We are anticipating a resource upgrade of just that amount in the next month, icing on the cake. Imagine a small uplift in the cobalt price... it hit $90,000+ just this year.
And here we have this announcement, showing the potential for cherries on the icing - Vanadium has been mentioned before. This is not a change of focus. Rememberthe 121 mining conference in Hong Kong earlier this year, BB mentioned it (search for6:30 mins in the video). And if I recall the AGM I think it was, once they bring in the power to the site at a one-off cost, they can pretty much do whatever they want here. Why wouldn't they want to "explore the considerable potential ofassociated mineralisation on the remainder of our extensive land holding" ? Check out Otavi district world class significance, also GED in Namibia "Abenab was considered “World’s Richest” Vanadium mine".
Some poster's have been asking for the Skytem results and last week we saw CAZ release their skytem "images". Well here we are, do you want to see some pictures or do you want the company to say this is what we're going to do based on our images. Look at the Corridor to the south and compare that to the DOF and similarities; "The Opuwo Lineament drill targets have been clearly defined byconductors from the recent SkyTEM data and are supported by geochemical anomalism (Co, Cu, Zn)identified in regional soil sampling programs". We've got a big world-class cobalt cake, next month we're going to ice it and if one of these targets produces anything of significance we're going to have the cherry on the top.
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I don't mind this announcement, bearing in mind we have already...
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