okay, if that was your angle I'm following but I still don't agree.
CLA went down 60% because it was determine that they would not proceed with the flagship project due to being uneconomical at current cobalt levels.
Cobalt across the board has had a big realty check as it is increasingly evident as to why the DRC is responsible for 60% of supply globally. namely being its high grade and low opex operations.
Therefore I don't think CLA is any comparison to AVZ unless inferring that if the deposit was determine uneconomical mine if would result in a shareprice decrease. which seems fairly intuitive for any resource company... ever.
I could make a similar comparison to NZC which operates in the DRC and received a takeover offer at a premium by a Chinese affiliation. (ironically huayou own a stake in this co too). But it doesn't really paint a solid story.
next 6 months is about 4 things IMO
-management appointments
-studies and DFS (firming transport)
-huayou's move in April re option expiry (not much incentive to exercise I'll admit so massive positive if they do, s/p priced in that they won't)
-offtake/funding
SF2TH
AVZ Price at posting:
4.4¢ Sentiment: None Disclosure: Held
