Clive in particular has years of experience dealing in Namibia as a board member of Banaman resources which I think is really important when looking at these types of projects.
Cazaly also have a strong appetite for joint ventures in their investment strategy as outlined on their webpage.
" Cazaly realises value via exploration, acquisitions and divesting its advanced projects through Joint Venture, sale or other corporate transactions "
What I am hinting at here is that CAZ has directors with a large interest in the company that are going to get smashed if a large dilution occurs and I have no doubt will be thinking creatively on how to raise funds and keep their large ownership in tact.
Given they have already expressed an interest in a joint venture with locals for the mining lease I don't think they would have too much trouble with a joint venture for mining and processing the ore.
There will be big butthurt cobolt players begging CAZ for slice of the Namibian action if they even have a small percentage of CLA's massive JORC and the quality of the ore present.
We will know soon enough where this heading I think
CAZ Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held