CDU cudeco limited
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cobalt, page-8

  1. jantimot
    30,924 Posts.
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    26/01/14
    19:10
    Post #: 12855581
    Afraid so.

    Cobalt has dropped from its April 11th 2011 price of US$21.5/lb at 1.07 = AUD20.09 to US$13.24 @ 0.87 = AUD15.22, a drop of 24.2%.

    Without knowing what the % of Co is in the concentrate we can't work out how much the current margin would be. It could well be uneconomic at these prices.
    CDU Price at posting: $1.47 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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