@El Jefe sulphide = cheap and laterite = expensive is to simple....

@El Jefe

sulphide = cheap and laterite = expensive is to simple.

AML Walford Creek is a sulphide project, opex 73 A$/t

BAR/CNJ Mt.Thirsty is a laterite project with benefits due to the weathered mineralisation, opex 43 A$/t

Mt. Thirsty 290 Am$ NPV after tax
If they achieve their recovery targets + approx additional 160 Am$ NPV
Further potential due to not in Jorc/SS considered additional mineralisation given
Highest cobalt share in metal mix of all ASX Co companies (> 80%) = huge leverage when Co prices climb further

50% stake CNJ from possible NPV = 225 Am$
Marketcap CNJ = 16 Am$

CNJ is having imo the best chance/risk ratio of all ASX Cobalt miners.

For 16 Am$s marketcap you receive normally lousy explorers with some average drill-holes, far away from being de-risked by already having a decent JORC and a Scoping Study.

Cheers
Maigret