my ammended CLA valuation, page-95

qqq its just another what I reffer to as a "breathless journalist" story. For sure people are out there looking for alternatives to Cobalt but this is just another recent discovery in a university lab still with very small scale that is still in its test phases and doesn't work right yet. please just note the language of the lead researcher who probably invited the journo in for the story to help him get this years research funding prof Chris wolverton just in that article he says .

“Four lithium ions for each metal — that would change everything,” Wolverton said. “That means that your phone could last eight times longer or your car could drive eight times farther. This is not a sure thing if the inventor and promoter of the new technolgy speaks like that .

Again for this to seriously affect the cobalt price will take many years: they have to first

1. make sure it works
2.proove its relaible long term
3.proove its safe
3.a get a patent
4.make it lightweight enough for car batteries (its heavy )
5. convince multiple global commercial battery makers to take it and develop it on on a widespread basis
6 convince multiple global car makers to take it on
7 They then need to Raise/find billions of dollars to set up enough new factories globaly to produce millions of these batteries (and wipe out their last investments of billions???..)
8. convince car makers to spend hundreds of millions to retool and redesign their cars to accept that battery
9. tehnactually make and distribute mllions of batteries in a relaible way all over the wolrd to car makers.
10. only then the cobalt price may be affected- half of cobalt is not for batteries -and as they progress from 1-9 stages and more EV cars will have come on the road with the old style batteries that will need replacing etc...

11. They will also have to do all this in the face of oppositions from China and the existing powerful companies and governments controlling the battery market who have just invested billions (38 billion was the estimate of the guy in the senate hearings video)-and want at least a  few years return on their investment
For example -They or china can buy the patent hes taking for millions and quash it- they can do many other games too.

so for this technology to really effect the cobalt price short term is total Bullsh+t story in my opinion written by a young journo whos probably never done a days business in his life.. Maybe in 5 years minimum but probably in ten- and theres other technology's out there being developed. so the risk does exist.

And of course the higher the cobalt price climbs and shorter supply gets the more US and Europe will be forced to expedite finding alternatives.

plus there will be other reasons modifying the price etc ...but IMO I cant see it going anywhere but up for a while yet

but with CLA were looking at a 2 year horizon to 1-2$ a share IMO, I  wouldnt worry about it too much. There  are other  bigger risks to CLA -more along the lines of what ANS article this morning alluded to.-political ....and there are also  business risks and goeological and metallurgical risks still.

But I feel ive taken them into account in my valuation (by discounting my projected SP by a massive 75%!!!) and I persoanally see the chance of real bad things happening as quite small in next 3 years - so I hold to my 1$ call and .say ......FILL YER BOOTS