COB’s Broken Hill cobalt project (BHCP) in NSW is one of the only large scale, non-African, greenfield primary cobalt projects in the world.With the amount of negative attention artisanal mining in the DRC is getting at present, that’s a big plus.The 81,000t BHCP could be in production by mid to late 2025, it said last year.It would produce +3,500tpa cobalt metal eq over 20 years at a very low all-in sustaining cost of $US12/lb – making it profitable even at record low prices.According to Benchmark Mineral Intelligence, the beaten down battery metal is currently selling for US$14.50/lb-US$16/lb on the spot market, but the outlook is cautiously positive. QUOTE from * today The DRC is getting bad press from the release of the book Cobalt Red highlighting the terrible damage of artisanal mining using child labour , all involved along the supply chain need to justify their involvement. This will play a big role in the future of COB’s importance in the mining and processing of cobalt ethically in a secure jurisdiction IMO
COB Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
