Civaro, I don't have much idea in relation to the processing method, recovery rate, and cost, but in simple terms the copper grade in 1.3% the cobalt grade is .07% so 18.5 times less. So completely hypothetically if recovery rates of cobalt were similar to copper, then for every tonne of copper produced there could be about 120lb of cobalt produced. At $11/lb that is an additional $1320 for each tonne of copper production (equal to .$60/lb in credits).
On that basis if it cost them an additional say 30 cents per tonne of ore to also process the cobalt then it would bring the effective cost of copper production after cobalt credits down by 30 cent s per pound.
Yeatesy.
TGS Price at posting:
4.4¢ Sentiment: Hold Disclosure: Not Held
