@bigzim: welcome back. Hope you managed to buy back COB shares, maybe not at the 50 sen level you wished but at least in low 60ies.
Yes Matt's analysis seems correct. To say that COB is the best junior, well I am a bit biased towards COB since I own 400K shares. I researched a lot before buying a year + ago then continued comparing and bought more just before the first rise in Nov/ Dec as i felt it was a bargain at 18-19 sen.
So far the management has delivered 100% on what they stated upon listing. I really love the fact that they are focused/obsessed on becoming a v low cost producer of the high margin end product the Cobalt Sulphate for the car battery market. They are also working hard at forecasting the trends in this particular market and positioning COB accordingly.
The figue of A$5.18 is close to the one mentioned in the thread "Key info on COB" but honestly the Cobalt spot prices are very high now and still climbing close to $ 40/ lb. I feel a price of $30/lb would be better
for the overall market. Still highly profitable for COB but easier to bear for customers.
I hold COB because to my knowledge,
1) so far it is the only significant pure play Cobalt in safe Australia ( versus instable DRC)
2) with potential to be the largest or co largest Cobalt Sulphate australian producer ( right now 4000 ton/y but possibly 5000 ton after this first resource upgrade.)
3) V Likely to have a low OPEX and CAPEX ( thanks to concentrate process and no HPAL unlike laterite).
4) Potential to collect patent fees from other Sulphide Cobalt miners or fees for processing neighbours ore thanks to its proprietary process ( 30th Ap. result of metallurgical test work on sample of neighbour's ore)
5) High potential to still increase the mineral resource ( yesterday Anct page 4)
6) Potentially partial off take agreement soon since samples of end product have already been delivered to end customers.
7) Only 107 M shares. etc .
Time will tell if COB holders are right but so far so good and in my humble opinion still cheap.
COB Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
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