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Ann: Tiger Examines Viability of Cobalt Production at Kipoi-TGS.AX, page-6

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Names little

17,847 Posts.

1251

07/07/16

10:21

Post #: 18212756
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Originally posted by YEATESY ↑

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.

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Hi Yeatsy, and cobalt prices likely to go thru the roof in one to two years time as all the battery manufacturers will need to secure their supply source for those Electric Vehicles, which by the way also use 3 times as much copper as a standard car. Just IMHO though.

Thanks

Last edited by Names little: 07/07/16

TGS Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
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