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22/03/18
11:16
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Originally posted by oddlogic
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Lol, cobalt blue will prob break even at $10-14 bucks a pound, factor in financing cost etc...
You obviously havnt read much about cobalt blue
61,000 tonnes of cobalt
122mill pounds
20 year mine life
@$40 a pound, and $13.50 a pound cost lets say
6million odd pounds a year,
Revenue @ $40 a pound, $240million REV
Minus cost Income $160 odd million profit from extraction of cobalt
Factor in $140millionn CAPEX
Financing cost per year
$8million in interest roughly per year
$7million principal payments per year
ROUGHLY $140Million Dollars Profit per year @ $40 a pound for 20 years
10x P2E
COBALT BLUE value $1-1.4billion dollars
US DOLLARS TOO
So share price will be $10 range by 2020
THESE FIGURES ARE SUPER ROUGH SO GIVE OR TAKE 10-15% ERROR
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sounds like a very compelling business case . based on those figures
where bouts could one find the 10-14 $/Lb calculation?