Share
28,306 Posts.
lightbulb Created with Sketch. 5
clock Created with Sketch.
24/04/18
14:49
Share
Originally posted by plough
↑
"Cabot only sell small quantities because they have none. Their mine has been closed for several years because of safety concerns and the Canadian authorities have ordered it closed."
Cabot is mining Caesium currently (as of yesterday ) , at the mine site (Tantalum Mining corp of Canada) , no tantalum is being mined however .
No disrespect , however unfortunately I will have to assume many of your statements are incorrect unless they can be verified .
Lockitt stated in response to me :
"I know I get harsh with some people at times but 90% have had no business experience at all.
That is obvious by questions like this: "TO me I find it hard to work out why the company is in so much of a hurry to mine the caesium"
Interesting assumption by you Lockitt on my business experience , so you expect PIO will instantly have a market above COGs for their Caesium , I would agree if they could sell it via the London Metal Exchange or had an offtake agreement .
Personally feel PIO is worth looking at as at the current market cap of around $35M it is valued at only 1% of what Cabot is valued at on the NYSE , making PIO a take over target for Cabot - to take out a potential competitor .
Expand
", I would agree if they could sell it via the London Metal Exchange or had an offtake agreement ."
That will never happen, I'd say. Cesium in its pure metal form is a very volatile and dangerous substance. Thus refining to a pure state would be expensive (and dangerous).
Just my opinion.
GZ