Well known and popular MD of ASX listed cobalt stock tweeted that if their resource was 0.15% Cobalt it would equate to 1.7% Copper equivalent at current price of Cobalt at $80,000/t.
Yes Cobalt up and out into +$80,000/t!
Anyway, here is the NZC resource expressed as equivalent Copper. Of course NZC already has an awesome Copper resource in the same open pit as the Cobalt. Both metals provided below.
Mixed domain
11.17 mt @ 2.7% Cu
11.17 mt @ 0.27% Co (3.06% Cu eq)
Cobalt domain (not included in PFS)
1.24 mt @ 1.6% Cu
2.29 mt @ 0.57% Co (6.5% Cu eq ))
Total resource:
25.87 mt @ 2.61% Cu eq
for
675 kt Cu eq
Nothing on the ASX is in the same league.
NZC Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
))
