Northern Ireland, page-65

Hi oznt enjoying your posts....Only 2% of Cobalt is sourced from directly from cobalt mining with the rest being from by-product. The impact of this being limited competition with supply threats currently not likely any time soon. If economic demand for primary markets from existing production of cobalt supply, those markets are showing little interest in increasing beyond natural demand for by-product of cobalt.


Cobalt — Do today’s prices have a ceiling?

Cobalt. You may or may not have heard of this obscure metal. Yet, it’s arguably the most important metal of the 21st century. Both the US and China consider it a strategic metal. Why? It’s critical to many industrial applications, necessary to modern rechargeable batteries and has very unusual supply / demand mechanics.

In 2017, the world produced just over 100,000 tons of cobalt. Of this, 50% went to producing rechargeable batteries, and the other 50% went predominately to mission critical industrial applications, such as jet engine turbines and high-speed drill bits.

Diving deeper, only 2% of cobalt is sourced from direct production cobalt mines. The remaining 98% is split , with 60% sourced from copper mines as a by-product and 38% from nickel mines as a by-product.
This means cobalt, because it’s a bi-product, cannot respond to the normal laws of supply
and demand.



The results for a fly over must be any day now. Can management come up with a defined drill target. Going to be very interesting with a modest market cap. The question remains will this VMS style target area lead to remarkable discovery contiguous to A VMS friendly take over just down the road.

Croc