Hi All,
While we wait I thought I’d expand on PK’s post on valuation and progression and add some additional dreams for my amusement.
“
3.A big name end-user coming in (late summer?? 2018) “
Part of the “End user deal” gives CLA the opportunity to pursue the next drilling campaign to firm up other zone/zones.
2019 the business of going mining is in full swing. 2019 another ??mt JORC gets drilled out down the road and another big name end-user deal for another 2MT plant.
How many repeat processing plants could be lined up in 2019….
Late 2020 first mine begins producing.
2021 second mine comes on line
2022 While dreaming why not a few more sites dotted down the horizon coming on line. Surly 100km strike could support 10+MT of processing.
Now where is that first JORC…
I wonder if the cobalt space will be compared to the poseidon story in 20 years time.
Disclaimer: Really I need a disclaimer! Dare to dream irrational exuberance is alive and well.
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