Yes, but if you need to spend $500 mill to build a plant of economic scale to process it, that is a big ask for a company with a market cap of $50 mill.
And if it can be done, can it be done quickly enough to catch the market and beat out competitors? Could be a 3-4 year exercise easily.
I am only lightly researched here currently, so not saying it can't be done, but the resource is only half the picture.
Turning that resource into a saleable commodity is the other half and I would like to understand the plan for this aspect.
Largest cobalt resource with lowest valuation, page-31
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Last
62.0¢ |
Change
0.010(1.64%) |
Mkt cap ! $123.7M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 62.0¢ | 59.5¢ | $107.2K | 177.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 5 | 36251 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 62.0¢ | 50537 | 4 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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62.0¢ |
Change
0.010 ( 1.64 %) |
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| Open | High | Low | Volume | ||
| 59.5¢ | 62.0¢ | 59.5¢ | 47886 | ||
| Last updated 15.58pm 24/05/2024 ? | |||||
| ARL (ASX) Chart |