Ann: DLE Makes Strategic Cobalt Gold Acquisition-DLE.AX, page-6

If there is a sustained recovery of nickel (but more importantly copper) prices, there's no need to focus on cobalt anymore. You can just focus on the best copper and nickel plays that have cobalt as by-product. There will be plenty cobalt supply then.

The thing is that copper prices won't recover in 2017 because massive new supply (mostly from Peru) is coming on the market. And one could argue that the global debt problem will cause a new recession sooner than later (and thus a longer period of low commodity prices). Therefore cobalt plays are now an attractive story (because cobalt-as-a-by-product-supply will decline). But as soon as copper prices recover, I wouldn't spend a dime on pure cobalt plays unless it's the Greenbushes or Atacama for cobalt.

Could Dragon Energy be such a story with grades like those being reported? That's the multi million dollar question...