a competitor's loss is our gain but it also means the sector is not as rosy TODAY as it was a year ago... my heart goes out for CLA investors but the ever sliding sp was an indication of this sad ending well in advance...
to not have to go through the pains that our competitors have to go through is a BIG TICK in our favour... if we had gone through the conventional path of drill drill drill, JORC, plant build, production, sale of Co/Cu, we would be packing our bags too at this stage like CLA (and some some AUZ too)...
commodities are fickle and dangerous... by the time you get your house in order, the prices collapse so hard that you don't stand a chance... like so many found in the uranium or iron ore bust post GFC... hence the WFE project is perhaps the best option available... YES, we will pay HIGH for the 1% ore but it will be linked to the Co price and scale up / down accordingly... all we need to do now is to get OUR PART right and things can only get peachy IF & WHEN Co price rebounds.... Cu is doing well and looks like $3.20 is possible in the next few months right in time we start some serious work...
fingers crossed on our project and hope Co price sees some rosy days ahead...
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
