As per recent resource upgrade announcement we are due the second instalment which should include a very sizeable resource target and the technical reasoning behind it. Heard we are not far off from the PFS which hopefully will give a big thumbs up to the project. Tone I think the real impetus will come from their upcoming roadshow being coordinated by Canaccord. I was told this was potentially NY, Canada, HK, Singapore and OZ. You would imagine this would be accompanied by a research note, coverage that is important to take to the next level.
We would obviously benefit from a commercial deal which HXG has previously stated they have several irons in the fire. This would open the door for potential partnerships/funding.
Watching our share price and others in the battery space I believe we are short term collateral damage to the cobalt feeding frenzy. Our quality and purity and importance as anode material will put us back in the spotlight again especially after the important milestones mentioned above are materialised.
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