Ann: DFS Update, page-12

Potential Kwinana partnerCOB is engaged with a potential partner that owns a suitable property in the Kwinana district where it expects to commence refinery construction next year.The potential partner, a leading Japanese multinational that specialises in the production and trading of commodities, is further determining an appropriate level of equity ownership in the Kwinana Refinery Project via a funding contribution.A single, larger refinery allows COB to process future material sourced from BHCP and (in future) other cobalt projects, rather than build out individual refineries at mine sites throughout Australia. QUOTE from release this morning
This information helps to educate investors into the long term future of COB, at some point the market will catch on to how prospective the company really is IMO.