Current share price 4.2 Current market cap $3.4 million.
Demand for cobalt is growing from new-age applications including rechargeable batteries for electric cars and super alloys for turbines and motors.
BPL offers a large and secure cobalt supply source with minimal political and technical risk.
The deposits are geologically unusual because they do not occur as a bi-product of copper or nickel deposits, as with nearly every other mine around the globe. Thus cobalt would be the sole focus of mining development.
The deposits exist near surface, and recent drilling has defined an anomaly 4km in length and open in all directions.
The mineralisation can be simply processed to a cobalt-pyrite concentrate.
