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15.5¢ first cobalt corp.

Ann: First Cobalt Produces Battery Grade Cobalt Sulfate, page-8

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rvajna

9,002 Posts.

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04/04/19

17:21

Post #: 38000597
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Originally posted by rick26: ↑

Nice bounce today but still very undervalued. The one thing that stands out a bit for me is that they're still saying the refinery restart will take 18-24 months after selecting a feedstock. The references for that are the engineering studies the company commissioned. It will be quicker than that though, as some work has already begun, and if cobalt hydroxide is chosen, as it already appears to be really, then the restart will be quicker than suggested in the engineering studies owing to the exclusion of the autoclave circuit. Cash flow will be sooner than 18-24 months from refinery activities for this company in my opinion

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Refining is where the big money is and they will have first mover advantage in North America just when the EV revolution is really kicking in. Exciting times ahead. Topped up again today for the second time this week.

FCC Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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