Hi folks,
I'll be buying CLQ in April and later when I'll be able to afford new shares again (going on vacation to Japan atm). I try not to jump into things by swithc ing shares due severe ADHD impulses (and Bohlsen says he thinks CLQ had mostly appreciated its advantage, however that was before the recent fall and it becoming apparent CLQ is incredibly profitable even for a consult stock, so I'm starting to look into CLQ for future share purchases, as soon as possible basically).
Currently heavily into Ardea (600m CapEx) and Fortune Minerals (previously 589m CAD in 2014, will likely be 800m CAD now with a large refinery), among other cobalt and lithium mining juniors (and a little bit of frac sands as a hedge, aaaah, I used to have a put on Tesla as a hedge too, despite my love for SpaceX, Elon Musk and even the questionable finances and hype of Tesla...)
Ecobalt iirc is around 500 including their refinery, although the PFS I find says they're just 186.7 which can't be right?
Anyone got CLQs numbers of the top of their heads (what I'm finding online is 600+ last year and 800+, but with an IRR equal to ARL at 30% the cost of cobalt!)? If IIRC ARL is maybe a bit more focused on nickel.
Any opinions on Fortune Minerals, Cobalt Blue, ARL, Cruz Cobalt, Advantage Lithium and Sayona Mining?
Anyway, I'm happy to be in EV metals regardless who wins, it's good for the world! (I'd prefer our cars to be powered by fission or fusion over solar power though.)
I'm starting to think CLQ is the best positioned, but I do worry about the global equities macro, even though the global economy is solid.
Seen another way though, sometime the next couple of years we will have a bear market to get more shares of everything!
Good luck evrryone!
Regards,
- Mellhurst
Mellhurst, we have similar postures with different stocks. I am looking to divesify in cobalt from CLQ, which I believe is the top company.
CLQ is a complex company to understand, and the Sunrise project is just part of it.
For the last two months I have been very active in discussions on CLQ. With your position size in cobalt, I simply suggest you can get a good idea of CLQ from material on the threads. In particular I recommend you getting an idea of the non-cobalt interests of CLQ, for which I made a separate thread "Multotec, CLQ and World Water Day."
I personally think speed to production is very important. This touches on your questions about the length of the cobalt boom.
See my thread about the subject "Why Speed to Production Matters".
Another good thread is Fozza's "$13.20 valuation".
Take a few hours and browse around here, the external links are plentiful, you can verify for yourself. Thus you do not need to worry about the objectivity of anonymous posters.
Best
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