Personally I think this announcement is fantastic and is exactly what I have been wanting to see. We now have a time line and detailed exploration program which is focused on the "cobalt cobalt cobalt" to quote Dr Tunks. My favourite part though is this:
"The next phase of the Company’s strategy is to fast-track a comprehensive exploration program across all its primary cobalt projects. The work program will include prospect scale mapping, geochemical surveys, airborne and ground based geophysical surveys along with diamond core drilling scheduled at the high priority Mulligan and Iron Mask projects"
Just love to see those 2 words "fast tracked"!!!!...and also drilling highlighted. I am very confident in management and think Dr Tunks has done a great job in refocusing MEI since he became MD.
Also like the way they are thinking already about the next northern winter and making sure they have drill targets etc...sorted before then so work can continue year round.
They obviously have new cobalt projects in mind too so will be interesting to see what those are and I expect a steady news stream on all the cobalt this year.
