Something’s brewing!, page-66

It does count for a lot.

We’re going to produce 5,000t per annum of Cobalt @ US$83,250/t.
That’s Annual Revenue of US$416,250,000!
Or, AU$533,653,846 at AUD/USD 78c.

Actually, we’ll do even better because we’re producing Cobalt Sulphate which sells at a premium. Looking at the ratio of Cobalt to Cobalt Sulphate used in the PFS, 1 tonne of Cobalt will produce 4.76 tonnes of Co. Sulphate.

So 5,000t of Cobalt will make 23,800t of Cobalt Sulphate.
My Shanghai Metals Market app has Cobalt Sulphate currently selling for US$20.93/kg, that’s US$20,930/t.

So, 23,800t x US$20,930/t
= US$498,134,000
Converts to AU$638,633,333 in Revenue every year.

Not bad for a by-product .