My top picks of the non-producers (based mostly on my model) are:
- Cobalt Blue - My end 2021 updated target is AUD 2.78, or 4.6x upside. Assumes 4ktpa cobalt production selling at USD 30/lb. Note at USD 35/lb cobalt the target price rises to AUD 3.63 or 6.0x upside. At USD 50/lb it hits AUD 6.31 or 10.5x upside. Even at cobalt USD 20/lb the COB target price is 1.09 or 1.8x upside.
My top picks of the non-producers (based mostly on my model)...
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