Atm BPL is around 20% of my stocks and is is my favorite, because it has the most foreseeable future; if COB goes according to plan they will make -current cobalt price- around 6 million US$/yr without any cost for 15 to 20 years. With a current EV of around 17 million AU$ that is compelling. However, following this reasoning, BPL's SP is more a derivative of COB's SP than something on it's own. And in a broader view, the SP has become mainly dependent on Cobalt price and DRC developments. Nothing wrong with that. I am looking to extend my holdings in BPL (my most profitable for now anyway), but looking at a sizable loss in AUZ and not willing to take it. Overall, I am +30% since I decided to go all-in on Cobalt/Graphene.
Happy to hear from all of you how you would rate BPL's ability to define their own destiny in relation to COB and the Cobalt market.
Ann: Resources Round Up Conference Presentation May 2018, page-9
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