'The Company is planning to produce downstream products, namely...

'The Company is planning to produce downstream products, namely cobalt sulphate heptahydrate and copper cathodes in Namibia, from the Project.'


Cobalt sulphate heptahydrate is the cobalt chemical/salt used in lithium batteries. With this being listed here as the planned or intended cobalt product to be produced, it would appear that management are confident enough that this resource can create cobalt sulphate heptahydrate and in my opinion it should be much easier and cheaper than what most other explorers/developers/porducers will be able to (excluding DRC).

I don't think it is cheap and easy for laterite style resources to create this product and this is the product that the battery producers are scrambling to secure supply for, this is where the extreme demand is coming from, this is why cobalt hit a 10 year high of US$87,125/t (or $87,250 depending on your source) overnight. This is why it will probably continue to rise and smash through $100k/t soon enough.


As far as I'm concerned, the price is irrelevant with all of the games/shenanigans that can and very likely are being played. As long progress is being made, I'll happily hold on and wait for a much higher number. It's funny how some of the more likely to produce companies can go months without a rising share price, only to see it climb rapidly out of nowhere in the space of a week or 2, yet those companies that never seem to make much progress or produce not so great results can run up substantially for no apparent reason (but usually crash just as hard at a later date).

We all know why we are here, if given enough time we are right then things will be looking great in due course. Only have to look at the history of PLS or AJM for example to see how frustrating things can be and how quickly they can turn around.