Ann: DRC Cobalt Production Acquisitions Update, page-374

Beg to differ here and reasons as follows -
1. WFE only need to spend 500K to get to 250,000T ore processing. If grades are high and at 40% odd concentrate and negotiating price outside LME then I can see easy initially approx 2000T cobalt produced annually. Now at conservative price of $60000USD /ton that's $120M annually (gross). At a PE of double-digits + then very safe to assume potential market cap of $1.2b at lowest end of scale
2. then imagine if feasibility study increases capacity to 1m+ ore processing within a small time frame and with low CAPEX.
3. All the above is very very conservative as the 6 licences, Canada, and tailling reserves are yet unknown