Much of the ore was low grade and, as a consequence, the higher grade material was hand-picked up to a standard giving 16 – 18% cobalt. This higher grade ore was shipped direct for export. The mine plant operated on the lower grade ore which averaged less than 3%”. Total production from the Mt Cobalt mine was 775 tons of cobalt metal
Now CHK is still doing DD on the acquisition & more details will come out, but for me the above talks about grades & tonnage that is up with the best of them. I just think at even for a stand alone Co mine , it should be worth at lest $40-50 mill MC , currently only valued at just under $20 mill mc but also important to note CHK has a mine & stockpile which will help.
I haven't gone to hard on it cos i want the fine details first but looks good for almost a bag i reckon. @minoil would be better to ask.
