Good to see this sleeper waking.
Drilling underway at Cloncurry East this very minute, probing some exciting and advanced Copper/Gold/Cobalt targets.
Not that Aussie gold's any slouch, but there's certainly appetite for Cobalt around, the price currently at 60,750 US$/MT, just shy of the all-time high (61,750) set in September.
Similar stocks, like AMG, have already gone for good runs - but then, they don't have a world-class emerald project in their back pocket besides.
It's interesting in connection with Gravelotte that "...Magnum has engaged a company specialising in optical sorting and submitted samples for testing. Initial results appear to be very encouraging and further research and development continues. Optical sorting would allow for better recovery efficiencies by negating human error."
As I've said before, Gravelotte (Cobra) will come into being rapidly and well-formed when it happens.
Ann: Quarterly Activities and Cashflow Report, page-2
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