CLQ would have gone the heap leach option too except that they were too advanced (pre feas already done, approvals already in place from years ago etc) so would have had to restart everything pretty much from scratch, not to mention the assets they already had (autoclaves etc). So while they had the choice, the better option for them was definitely to keep going with what their current approach. Also $1b market cap really only justified by current approach...a change would have resulted in the SP getting gutted.
Plus Friedland is a 'go big or go home' type guy.
I switched from CLQ to JRV because while i see the potential for CLQ to be a much bigger company, the risk/reward potential of JRV was much better at 6c, and still is imo. Both companies have great futures imo though.
Cdchi1
Ann: NiCO Young Cobalt-Nickel Laterite Updated Mineral Resource, page-13
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.73M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $11.76K | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 357346 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4465861 | 12 |
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