Make a bet on cobalt, page-7

First 7 Last

Share
Profile

Follow
Civarow

1,233 Posts.

41

19/02/17

20:44

Post #: 22735112
Share

Originally posted by spid81 ↑

Motley fool has recently covered TGS, Its actually a positive report.

Tiger Resources Limited (ASX: TGS)
This copper miner recently completed a viability study investigating the cost of adding a cobalt recovery circuit to its Kipoi mine in the Democractic Republic of Congo (DRC). Further details are expected in the near future, but Tiger is sitting on an estimated 40,000 tonnes of cobalt, while a recovery facility has an estimated cost of around $22 million. This is significantly cheaper than the options available to several other would-be cobalt producers.
If it makes economic sense, adding cobalt capability would be relatively simple for Tiger, which already has an established mine in the region. The downside is that Tiger would have to raise capital or take on more debt in order to fund the facility, and the company already has a hefty debt balance; interest payments alone are crushing the company’s profitability. Tiger is a very high risk venture in my opinion, but more attractive than some other cobalt companies which are either years away from production, or have only a minority interest in their cobalt tenements.

http://www.********.au/2017/02/17/2-shares-to-profit-from-the-cobalt-boom-in-2017/#

Expand

Spid81, thanks and I agree with their sentiment which is very positive going forward, especially on cobalt. However, when they mentioned about existing debt and repayment, imo, they overlooked the fact that poc has recovered greatly and TGS should now be cash flow positive. Civaro

Last edited by Civarow: 19/02/17

TGS Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

QHL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

PFE

Pantera begins drilling of maiden test well at Smackover

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

C29

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

There are more pages in this discussion • 25 more messages in this thread...

First 7 Last

Add TGS (ASX) to my watchlist

Make a bet on cobalt, page-7

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

Pantera begins drilling of maiden test well at Smackover

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Featured News