Cobalt Price, page-18

I think these comments are unfair. A few reasons:
1. We are now a producer. Less than 1% of explorers become producers. You should realise this when you invest in a mineral exploration company.
2. We have two farmouts on large land packages on very favourable terms. We are free carried on both deals to a "decision to mine". This means no more contributions for further exploration, metallurgical studies, PFS, DFS fees to merchant bankers to obtain loan finance, etc. These are hugely advantageous deals.
3. We have an existing mining lease and nickel mine which can be profitably re-opened with favourable pricing prospects for nickel, which looks to be imminent with future demand from EVs and storage batteries.
4. We have a large land holding which is very prospective for nickel and cobalt where we are currently drilling. Some of the area is granted mining leases.
5, We have current assets over $15M in excess of current liabilities. Very few small exploration companies can make that boast.
6. We have a large landholding very prospective for polucite, lithium, microcline, niobium and silica.
7. We have more than 100,000 tonnes of valuable microcline in stockpile awaiting a keen buyer.
8. We have a large landholding in the southern Fraser ranges, prospective for gold, nickel and other base metals.
9. We have a range of other landholdings with significant potential for mineral discovery.

All this has been acquired under the direction of David Crook. His achievements are very considerable. He is worth his pay.