The company provides quarterly updates to investors. Here's the most recent:
https://clients3.weblink.com.au/pdf/CLQ/02067575.pdf
Detailed engineering is underway and they expect to finalize an EPC contract soon. A financing decision is expected in the first half of this year. You can see the current schedule of major events in the previous update: https://clients3.weblink.com.au/pdf/CLQ/02037486.pdf
Share price sure isn't much to brag about lately. Finalizing offtakes would help, but I suspect those are getting wrapped into the financing discussions.
I think the share price is unfairly attached to cobalt spot prices which have little to do with the long term outlook of the mine. Co spiked about a year ago and I think CTEQF was overvalued at the time. The opposite is true at the moment.
They also have over $100MM AUD on hand and have had numerous insiders buys over the last few months. The outlook for Cobalt and Nickel is very good as much of the world transitions to electric vehicles. Many forecasters predict that these will commodities will be very under supplied at current production levels. If the scandium market takes off as some project, CLQ will be well positioned to capitalize on it as well.
There's your cliff notes.
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