Largest cobalt resource with lowest valuation, page-1560

Dear @airconditioner

As I expected, the reduction of cobalt price was temporarily. So, yesterday the price back to $58,000 level based on LME data. However , I would like investors see the wider picture of the cobalt price from last year until now. The price of cobalt increased from the level of $25,000 to $58,000 and still the real demand of cobalt is not started. I'm pretty sure back to $58,000 level in next few years like a dream comparing to see the price of last year.


Back to the value of ARL, If we only consider KNP resources, we have 500kt nickle as well as 80K cobalt with today price (which I think is very low especially for Nickle) of $10k and $ 58k respectively. Therefore, ARL can generate Billion dollars after production level. This is real value of ARL that all instos wants to be in its train.

Personally, I believe that this sudden increase of price to $1 was a kind of tree shaking by instos, who will take price back to upper one dollar to generate lower volumes of shares during SPP. I bought heaps of shares in the last 2 days ago and added to all my shares, which I accumulated since 6 months ago and strongly believe that we will be in same value of ILU in next few years .


http://www.infomine.com/investment/metal-prices/nickel/all/