Ans bratty- guys im hearing loose talk of a possible 5mtpa...

Ans bratty- guys im hearing loose talk of a possible 5mtpa plant!!!!! if thats so thats just EFFIN MASSIVE! at current Co prices and my fairly rational estimates of costs and no of shares on issue 3 years out - that comes to like 80 cents a share earnings- put that on a 12 pe!!!

thats why im now saying "do not underestimate how high this share could go".inshallah!

Knowing BB the little as I do I wouldnt put it past him to go there- and it absolutely makes sense to me becuase :
1. if the jorc and ss are good as expected - we surely will get a big boy JV very soon after.when not if. logic.

2. those big boys will want to go full on at getting maximum supply and return ASAP (its reckoned the real cobalt cliff will hit in about 2 yearsand go for 2-3 more years at least)so make hay when the sun shinning! logic.

3. A 5mtpa plant will still only produce about 7,000 tons Co a year - expected global demmand will be around 200,000+ tons 2-3 years out so that amount will be absorbed immediately - It will be much in demand by all. logic.

4.why not go big immediatley when the real crunch high prices are on?- the extra 50-100 mill to pay for that plant can be easily repayable in first 1-2 years at that rate of production if co prices stay up.logic

5. the big boy JV partner can stand behind the raising of the funds-facilitate/guranetee it or whatever. and one line of EVs whether its toyota/LG/samsung/hayundai.mitsibushi or vw Bmw mercedes they will each need that much supply just themselves for their own fleet production...so they coul probably just agree to take it all thqat supply-which bank wont give against that!!-for example VW were throwing around a contract for buying 10,000 tons ayear for ten years last year right? and they got sweet FA.takers!! logic ?

6. it looks -as you say bratty - that we are likely gonna have at least 100 million tons proven in first 20% of the DOF - so even at 5 mpta thats still a 20 year LOM.-with 75% of DOF still there!! Why drag it our longer? also logic

7. get the Co up and out as fast as poss while prices are high! as you say aswell why wait to drag it out slowly if the finacing is avalaible as then theres more risk of a new technology stuffing prices. the banks would prefer it.logic

And I'd say BB's a player - ill bet he's up for it -it all makes too much sense compared to a 1.5-2mpta right!! logic

as they say if its given to you on a plate .......eat it!

does anyone know how big the katanga mine plant is in DRC -or glencores new planned plant size as they say they will ramp u-p production by a third (if theres enough electricity in DRC!!)- can any of tyou brainboxes find that out -as in which is the biggest co/copper plants operating out there now ?