Australia's largest stock trading and investment forum Australia's #1 stock forum

PGM platina resources limited

0.00%

2.1¢

Right on, Oly. Today's news sees the Vic Govt building two...

First 5 Last

laser1

586 Posts.

7

22/03/18

11:37

Post #: 31945285

Originally posted by olympian ↑

Latest From Casey ......... WAKE UP BROS, YOU KEEP TELLING US OWENDALE IS AT LEAST AS VALUABLE AS NEIGHBOUR SUNRISE (AKA SYERSTON) WRT TO ALL METALS CONTENT. 2 MILL BUCKS RESOURCE DEFINITION DRILLING AINT MUCH TO SHOW HE PLEBS ?????

Column 1

1 Speculate on This Obscure Metal Before It’s Too Late

2 By Justin Spittler, editor, Casey Daily Dispatch
It’s an all-out land grab.
Companies are shelling out hundreds of millions of dollars to one of the world’s most sought-after resources. But it’s not oil… gold… or even water.
I’m talking about cobalt.
Cobalt is a key industrial metal. It goes into computer chips, mobile phones, and lithium-ion batteries.
Until recently, very few people cared about cobalt. Miners didn’t even seek it out. It was mostly a byproduct of copper and silver mining.

But those days are over. Now, companies like Apple, Samsung, and BMW are paying top dollar for it. Miners are doing the same.
In fact, we just saw a blockbuster deal in the cobalt space…

• Last week, First Cobalt bought U.S. Cobalt for $116 million…

First Cobalt is a cobalt miner based in Canada. It’s also the world’s only cobalt “pure play.” This means that it mines cobalt exclusively.
First Cobalt acquired U.S. Cobalt in an all-cash deal. It exchanged 1.5 First Cobalt shares for every one share of U.S. Cobalt. That represents a 62% premium to U.S. Cobalt’s share price at the time of the deal.
That tells you how badly First Cobalt wants to secure a large cobalt supply. But we’ll see a lot more deals like this in the coming months.
I’ll explain why in a second. And I’ll tell you why right now is the time to speculate on cobalt. But let me first tell you why the world’s running so low on cobalt.

• We’re in the early innings of an electric vehicle (EV) revolution…

Regular readers know what I’m talking about. If you’re new to the Dispatch, here’s what you need to know.
In short, demand for EVs is soaring. And these vehicles require far more cobalt than traditional vehicles.
That’s because cobalt’s a key ingredient in the lithium-ion batteries that power EVs. In fact, the typical 60-kilowatt EV car battery contains around eight kilograms (18 pounds) of cobalt.
Below, you can see what impact EVs have had on the price of cobalt.

Cobalt’s gone berserk. Its price is now up 309% since its February 2016 low.
Normally, markets adjust after these kinds of explosive moves. Miners raise production. Supply catches up with demand. This brings prices back down to earth.
But that hasn’t happened with cobalt. And there’s a simple reason for this.

• The global cobalt supply is extremely lopsided…
About two-thirds of the world’s cobalt comes from the Democratic Republic of Congo (DRC).
That’s a major problem, according to the International Speculator team:
The DRC has been relatively stable for the past 10 to 15 years, but it has a long and recent history of extremely bloody conflict and wars. The DRC is also ground zero for the uproar over “conflict minerals.” This makes cobalt supply extremely susceptible to disruptions.To make matters worse, the DRC just declared cobalt a “strategic” mineral.
Its government did this for two reasons. Number one, it thinks cobalt is critical to the country’s economic, social, and industrial future. Number two, it’s worried about running out of cobalt.
Here’s a quote from Jean Nkunza, advisor to the DRC Prime Minister:
We need to make enough money before we run out of these minerals so that is why they are strategic to the country…We have to make sure for the next 20 years we make money from these minerals because demand is going to be so high. It’s going to continue to grow and we are not going to stop raising the royalties on these minerals.In other words, the DRC just admitted what Dispatch readers have known for months.
• The world is headed for a major cobalt supply crunch…
That’s why First Cobalt paid a steep premium to acquire U.S. Cobalt. And it won’t be the last time something like this happens…
In fact, Agnico Eagle Mines reportedly received multiple offers for one of its silver-cobalt mines from interested buyers. So, it’s dusting off the facility for a possible sale.
Canadian resource company Sherritt International was also recently approached by investors interested in its cobalt production. And Vale SA, one of the world’s largest miners, is also putting one of its cobalt facilities in Canada up for sale.
Pretty soon, the average investor will start reading about these cobalt takeovers everywhere. When that happens, cobalt will become too big to ignore.

Mom-and-pop investors will follow the “smart money” into cobalt. That will push its price even higher.
You’ll obviously want to be ready for that. So, consider speculating on cobalt miners if you haven’t already.
First Cobalt is one way to do this.
Alternatively, International Speculator editor Louis James and his team recently recommended a world-class miner that’s highly leveraged to the price of cobalt. Not only that, this company’s cobalt project is located in the United States. That makes it one of the safer ways to speculate on this megatrend.
You can learn more about this company by signing up for International Speculator, our advisory focused on resource stocks with massive upside. Click here for details.
Regards,

Justin SpittlerTulum, MexicoMarch 21, 2018

Expand

Right on, Oly. Today's news sees the Vic Govt building two lithium-ion batteries, financed by State and C'wealth Govts. This is not a one=off event, and follows the SA Govt initiative. More will follow and a strong trend has commenced. From The Age:
" Two large lithium-ion batteries will be built and connected to the grid in regional Victoria this year, giving the state’s west a significant renewable energy boost in time for next summer.
The batteries, which will store solar and wind-generated energy, will be built near Ballarat and Kerang and will have a combined generation capacity of 55 MW and a combined energy storage of 80 megawatt-hours – giving them more than half the power of South Australia's gigantic 100MW Tesla battery.

Two large lithium-ion batteries will be built and connected to the grid in regional Victoria this year, giving the state’s west a significant renewable energy boost in time for next summer.
The batteries, which will store solar and wind-generated energy, will be built near Ballarat and Kerang and will have a combined generation capacity of 55 MW and a combined energy storage of 80 megawatt-hours – giving them more than half the power of South Australia's gigantic 100MW Tesla battery.
Two large lithium-ion batteries will be built and connected to the grid in regional Victoria this year, giving the state’s west a significant renewable energy boost in time for next summer.
The batteries, which will store solar and wind-generated energy, will be built near Ballarat and Kerang and will have a combined generation capacity of 55 MW and a combined energy storage of 80 megawatt-hours – giving them more than half the power of South Australia's gigantic 100MW Tesla battery.
Two large lithium-ion batteries will be built and connected to the grid in regional Victoria this year, giving the state’s west a significant renewable energy boost in time for next summer.
The batteries, which will store solar and wind-generated energy, will be built near Ballarat and Kerang and will have a combined generation capacity of 55 MW and a combined energy storage of 80 megawatt-hours – giving them more than half the power of South Australia's gigantic 100MW Tesla battery.
ot on Oly. Today's news seesthe Vic overnment (State and fedearl Givt financed)
Two large lithium-ion batteries will be built and connected to the grid in regional Victoria this year, giving the state’s west a significant renewable energy boost in time for next summer.
The batteries, which will store solar and wind-generated energy, will be built near Ballarat and Kerang and will have a combined generation capacity of 55 MW and a combined energy storage of 80 megawatt-hours – giving them more than half the power of South Australia's gigantic 100MW Tesla battery."

On a another note, I see that AUZ is now listed in the USA on th OTCQB market. Our stock may strike difficulties in following suit as an annual "management certification" is required.

PGM Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held

0 Great analysis

Top Stories

Expert Exchange: Gold's record run (and a look at key risks) with David Sokulsky

LISTEN: HotCopper Wire Podcast #052 – A big, juicy gold megamerger

KAO

High-grade copper & tungsten results strengthen Karibib opportunity

LISTEN: HotCopper's Penny Drop Podcast #1 – Uranium deals, PFS misses, & an Ebola opportunity

Australian resource exploration spending a 'mixed bag' on back of Middle East crisis

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.


Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $13.54M

Open	High	Low	Volume
2.1¢	2.1¢	2.1¢	200K

Buyers (Bids)

Vol.	Price($)
1793197	2.1¢

Sellers (Offers)

Price($)	Vol.
2.6¢	157470

Last trade - 16.00pm 16/07/2026 (20 minute delay)

PGM (ASX) Chart