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Ann: Commencing underground development, page-80

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philh9

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01/04/22

11:37

Post #: 60574981
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Originally posted by philh9: ↑

Welcome @Juke77 you are now a part owner of what I believe will be one of the most unique Australian stories in history. The renewal that Broken Hill will see with high added value mining will transform the grand old area, jobs and tech will gravitate back to Broken Hill, "build it and they will come" and so will the money, infrastructure and people. Many players will follow, I am sure of it.

But we here should rightfully concentrate upon our project. This project will see a $500m + cobalt processing plant built about 23 kms outside Broken Hill. Between 16,000 and 20,000 tonnes of high purity ethical cobalt sulphate will be produced each and every year. Add to that 300,000 tonnes of elemental sulphur produced each and every year (currently Australia imports the vast majority of its elemental sulphur) used mainly as a vital fertilizer.

With the plant up and running profitability will be high as will the determination to recondition millions of tonnes of critical mineral rich tailings waste all over Australia and beyond, rendering the waste "clean" while extracting cobalt and other elements. Many waste tailings in Australia have higher actual Co content than Pyrite Hill itself, more contaminants of course, which is why COB's cleaning tech is so exciting.

We all know its just about money...right, its all we are here for, build wealth, wealth is good and the pursuit via investing is a fundamental, but just putting that aside for a sec, you have now become a part of something potentially much much bigger.

Cheers.
Phil.

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Been asked a few times now, but.....will they make money.

For those still wondering enjoy this COB-March-2022-Company-Presentation.pdf
No the updated IRR is not a misprint

Cheers
Phil.

COB Price at posting: 89.5¢ Sentiment: Buy Disclosure: Held
14 Upvote

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Last 8.4¢		Change 0.000(0.00%)		Mkt cap ! $35.48M

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Ann: Commencing underground development, page-80

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