I make reference to this following spreadsheet posted by...

I make reference to this following spreadsheet posted by
mmoore1957 .

His calculation does not take into account 1. Resource upgrade 2. increase in the price of Cobalt. --I thought I was being conservative since I saw a brokers NPV at $7 which is too good to believe.

• I have been watching COB since its IPO. in 2/17. It really has gone nowhere since then BUT it now appears things may be about to change. Yesterday it shot through 21cps, the resistance level in its previous consolidation range. A good sign suggesting that the COBALT value inherent in COB may about to be appreciated. I have prepared a rough & ready NPV calculation for COB to get some idea of what the inherent value is. Here it is:
  
  

  	Column 1	Column 2	Column 3
  1		Units	Year 1
  2	R&R - Cobalt
  3	Indicated	kts	6.2
  4	Implied	Kts	43.8
  5	Total R&R	kts	50.0
  6	ASSUMPTIONS:
  7	Production rate - Cobalt	lkts pa	2.0
  8	LOM	years	15
  9	Cobalt Price	US$/t	60,000
  10	USD/AUD		0.78
  11	C1 Cash Cost	A$/t	28,600
  12	Royalty (SR & NSR)	%	5.0
  13	Capex	A$m	100.0
  14	Sustaining Capex	A$m	2.0
  15	Project funding: Debt/Equity	%	75/25 at A$0.30
  16	THE RESULT:
  17	Revenue	A$m	154
  18	EBITDA	A$m	89
  19	PAT	A$m	58
  20	FCF	A$m	62
  21	NPV(8%)	A$m	374
  22	NPV (8%) per FDS[/B]	A$	1.69

  
  So this NPV produces a NPV per fully diluted share = A$1.69. Compared to the current SP pf A$0.24 this suggests that there is substantial inherent value in COB not currently recognized in the SP. If the DRC descends into political chaos and the Cobalt price gets a boost then the NPV will rise..
  
  Now please remember this is just playing with numbers at this early stage in COB's life cycle. So I urge you to vigorously challenge everything in the above and DYOR
  13Like
  Great analysis
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  ​
  COB (ASX)
  Price at posting: 24.0¢
  Sentiment: Buy
  Disclosure: Held
  
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  mmoore1957