Ann: More High-Grade Nickel-Cobalt Assay Results From Itapitanga, page-124

Boy1, I am certainly not qualified to contradict your figures however, after reading other forums with cobalt as a main driver and reading the opinions of a few posters I respect, perhaps a more conservative approach to the price of cobalt should be taken when working out whether or not what we have is feasible to mine. Yes the current price of cobalt is as you stated and perhaps that can give us a current value but it won't be that price forever and could perhaps rise further short term but also perhaps fall longer term. Other forums are saying a figure of $45k is a safer figure to work with to ensure viability, but what would I know? This doesn't also take into account the other assets we have. Either way I'm excited for the future.