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10/07/14
16:55
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Originally posted by gjcl
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Holders also need to be mindful of the "cream" (pleural) that our process facilities have been specifically designed to recover/extract.
One component of the cream is: COBALT: LME currently is quoting Buyers @ US$30350/Tonne!!! with sellers @ US$31350/Tonne!!!.
So we can also expect sales information that will cover who we will be selling that particular component of the cream to, obviously well in advance of having the product in stockpiles ready to sell.
Now what we do know is we will need to wait for the facilities to be completed and commissioned…keeping in mind we are at 98% currently…so imho " AS A HOLDER" year end is still very achievable.
Our currently very edgy on the verge of Panicking Shorters are sure to jump in around now saying that we dont have any cobalt and if we did it will still be 5 to 10 years before we could sell it ( as they have been reminding us nor do we have any copper) ….lol……sorry to depress you…but yes we do!!….on both counts…….did I also mention the gold and magnetite etc…...
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Holders also need to be mindful of the "cream"
How can it be cream when it is already included as a significant component of the CU equivalent JORC resource ? the cobalt is a major factor in making the lower grade % copper tonnages viable - It is yet to proven that it can be commercially extracted in large quantity
just another headline grabbing upramp !