Cobalt is clearly moving and its only going in one direction for the foreseeable future.
We have AUZ signing a big off take agreement, CLQ raising hundreds of millions, Glencore signing off takes for most of their supply, car companies hunting supply and being rejected, we have the DRC raising taxes and royalties squeezing and we have companies being pressured to only source “ethical cobalt". All these things add up to one thing, higher and higher prices!
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This is great, cobalt going up in a straight line and any company that has started work on a new project has done well across the board, well all companies except one.
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MTH is actually down 30% since cobalt has started it’s rampaging run, how does that happen? Is this a less than ideal project? Lets have a look how we sit compared to other explorers and where we can get to if we do find what we think is there.
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Looks pretty undervalued right now as it sits, the market is sceptical about historical holes. G88 were also drilling into some historical drill holes, the market was cautious, as they have been towards MTH.
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There are no guarantees in the spec market, but the setup looks good, cobalt is firing at the right time. Fingers crossed.
