Ahh I see, confirmed, your bark is worse than your bite. Here's...

Ahh I see, confirmed, your bark is worse than your bite.

Here's my full disclosure:

JRV have a very similar project to Clean Teq - a company I am a shareholder in from sub 20c and which now has a market cap of over $500m (and going higher).

This kind of project invariably has a higher grade resource area and given the similarity between the two projects, the high grade area is likely to be also similar (ie CLQs is 1% nickel 0.2% cobalt). Previous management of JRV never bothered to define this as far as I know.

CLQ's project has amazing rheology feature unlike the rubbish NiCo laterites in WA. Basicaclly double the capex requirement for a WA laterite project. JRV's project will have similar rheology.

JRV have royalties they are seeking to monetise. I have done my own NPV calculation with a very significant discount applied (which is reasonable given the early stage the projects are at) and have come to a value of around $15-17M depending on variables. If they achieved that amount, and I cant see why they can't (if not more), they would be effectively at cash backing.

Now readers can make an educated decision based on my full disclosure, or your mysterious full disclosure about apparently knowing something about the directors that noone else seems to, and ofc that mystery 'pending transaction'.

Cdchi1