COB have money in the bank to complete the 3 final Development phase activities below. This will then take COB to FID and move the company from development to the start line in the Producer Category. This will happen by Christmas this year.
Bankable Feasibility Study
EIS Submission
Demonstration Plant Operations
I suspect the first 6 months of this year is going to be fairly quiet on the news front. However i find no reason to sell or to worry about this. Cobalt will rocket towards the end of this year and that will meet with major internal company achievements.
I believe COB could have signed an off take agreement but are waiting for off take/finance package which is more complicated but fruitful for the company. This announcement could come anytime however i believe it would come when Demo plant operations is completed and has proved that the process and quality is there. Perhaps April!
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