what will happen is that over time, as the existing projects run...

what will happen is that over time, as the existing projects run out options to increase capacity, and little to nil new high grade arrives to balance the market for Cobalt, well then prices will move north. And we've seen how readily the Cobalt market can swing.

as that happens you will have most of these projects become VERY economic, and the finance teams that assess and lend will be less cautious too.

The strategic nature of these resources will also become apparent, with end users coming down the line (directly, or indirectly via chemical manufacturers) to ensure these projects get off the line so that their business plans can be fully-implemented. Will govt's like Germany also get involved to ensure their auto industry can keep pressing on with EV? so on and so forth.