Absolutely. So to land the JORC somewhere between 20mt and 30mt is a good start.
For me CLA has already demonstrated that the potential cobalt resource is very very big with further expansionary drilling at Opuwo so the JORC is already ticked.
The high level SS is the next critical milestone for us to understand the commercial viability.
PFS and DFS are all modelled to extract the maximum return for shareholders to develop Opuwo.
Somewhere along the way I think between SS and PFS we will get some serious strategic backers for project funding. I prefer a vertically integrated Japanese, Koreans and/or Europeans to back us as working with these counter parties there seems to be less counter party risks of pulling strings on CLA.
CLA might need to change brokers as well. Hartleys plays at the spec aussie market end. We will need a broker with global exposure with corporate and institutional clients to back us longer term to production.
Obviously if it makes commercial sense to develop Opuwo
Absolutely. So to land the JORC somewhere between 20mt and 30mt...
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