COB 2.56% 8.0¢ cobalt blue holdings limited

Help With Valuation Exercise on COB, page-45

  1. 1,491 Posts.
    lightbulb Created with Sketch. 16
    I appreciate the ideas around capex.

    Does cobalt usually sell on forward contracts, as a negotiated commodity like lithium would? Lithium spot price is north of $20K USD/ton, whereas the actual selling price is based on forward contracts is around $13K USD/ton. $35/ton (or whatever today's cobalt price is) is a spot price.

    I did not realize they were using US tons in their estimates. I (incorrectly) assumed that all of these miners had standardized on metric tonne.
 
watchlist Created with Sketch. Add COB (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.