I had this written down from a conversation with BB
"It needs the price of cobalt to be 35-40k to break even"
At present the price of cobalt is 31k per ton, however it's seems to have bottomed out in February,
Like most metal prices the real decline took effect when Trump began his trade war with China, if Trump keeps his word and strikes a deal with China this month most analysts are expecting a big rebound in metal stocks.
We may still get a left field Ann before Monday whatever pans out the company still has around 10m in the bank and a price sensitive world class cobalt resourse.
Ann: Opuwo Project Update and Board Changes, page-117
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