Cobalt Blue ($35m market cap) insignificant in comparison to Sungeel (~$500m market cap). Not to mention that the worlds leading battery producers are based in Korea (Samsung) and Japan (Panasonic), so for Cobalt Blie to export the black mass to that region in Asia isn’t economical currently. Process it in Australia you reckon? Good luck, Australia is a decade away from developing the industry and infrastructure to repurpose and process the black mass.
Interested to know why you’re so bearish on Livium? Are you holding short or have you been stung in the past and can’t move on?
By no means an established, revenue generating machine but has strong tailwinds in an industry that is going to exponentially grow and has first mover advantage locally.
LIT Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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