Why aren't you on the beach??
I have a question for anybody with a spare 10 minutes.
Cobalt 27 is a pure cobalt play in Canada. They do not "explore for, mine and process cobalt."
It has 2,982.9 tonnes of cobalt in storage in Baltimore.
That amount of cobalt @ $100,000 CAD a tonne is worth $298,290,000
My problem is that Cobalt 27s market cap is $460,000,000.
How can their market cap be worth so much more than the resource they are holding?
Also, if I am reading this right, what does it say about the future price of cobalt?
Any suggestions?
BE
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