RE:Cobalt futures up 4.19 That is good to see....I also think it's significant that isn a recent CBC north news clip it was interesting to me to hear the local chief of WhaTi speak the words of fortune minerals opportunity that lay down the road and not far from whati. He seapks with confidence when he says we will see.
for those that fear the lack First Nation support for the project should also get a sense of relief from that, as should the big mining financial players that are looming.
back in 2014 FT was a good viable investment project at 15.00 cobalt and I think 1200.00 gold with what we had in resources ....that resource potential likely changes with indicators from our current drilling that will help big investors see the added potential of the site.
The complexities faced by FT goes beyond the technical processing facility needed to develop our project and the questions around that let alone possible other parties that may share the technical processing we will be able to do. Hence from our fact sheet ..." NICO concentrates would supply the base load feed for the refinery, but production will likely be supplemented by toll processing concentrates from other mines, and diversification into a recycling facility recovering metals from waste residues, scrap, and spent batteries....."
so RG has his work cut out making the financial argument to potential investors that may be part of the "toll processing" ....our question is who that may be ?
coupled with that are various levels of government which could span two provinces and of course the feds let alone municipalities...so no easy task and has been worked on for some time.
it's my thinking, at this stage, that the most significant player is the Tlicho government and how we bring them in such that there is more for them than "just jobs" and possible construction participation ....Kiewit was successful by bringing Tlicho into the road project as equity partners ...we can learn from that given the pride the tlicho have in the successful completion of the road project and they now have lasting maintenance agreements for the next 20 plus years.
if we want to walk softly and carry a big stick ... the Tlicho is the big stick that will allow us to do that and I think every possible financier and other potential partner knows that. So my thinking is final a way to do that ...the sooner the better.