risk vs reward, page-160

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cobalt play

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30/03/18

02:55

Post #: 32136367
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Originally posted by Sentrypetal ↑

To be honest there are very few viable cobalt companies outside of Congo. EUC if they can find the high grade cobalt of 0.5% and better will be one of the few. Consider ARL maket cap of $100 M but capital cost of $600 M to build production facilities ($100M return a year based on $95k a tonne cobalt), likewise AUZ will be in the same boat $270M market cap and similar capital cost. No one will lend those companies half a billion dollars or more probably a billion once cost over runs occur. Only viable company in Australia is CLQ because of their novel technology which allows facilities operating costs to be 5 x cheaper.

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LOL...ARL/AUZ/CLA/COB/CLQ will all be mines...The Third Industrial Revolution is happening faster than anyone thought it would and many entities are now securing their cathode materials as fast as they can..

EUC has same problem Cobalt Camp players have...cobalt spread out over large area in thinly veined deposits...While it is possible there may be higher grade pockets here and there there will be a lot of drilling required to delineate that possibility...First Cobalt and Cobalt Power Group are finding that out in the Cobalt Camp..

Last edited by cobalt play: 30/03/18

EUC Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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risk vs reward, page-160

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