Basically all cobalt juniors are in the same boat. Run any of their projects at today’s cobalt price and they all are very far from profitability. Nickel and copper credits don’t help when the cobalt price has plummeted.
I see see this announcement as a positive, we are reducing our burn rate. Compare our project to others and our EV to others and it doesn’t make a lot of sense to sell.
The leaky ship is disappointing though.
Ann: Opuwo Project Update and Board Changes, page-256
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