Based on the available numbers
500,000t @0,17% Co
10,000,000t @0,12%Co
and the current Co-price per ton we are talking about 800Mio USD Resource value (not proven yet of course).
Ni and Cu not considered and the cost for production not as well.
But just the Cobalt value of app. 800Mio USD in the ground is a number I can live with ;-)
Even with the fully diluted MC of around 50Mio AUD there is still huge upmove potential here compared to the peers imho.
Add to My Watchlist
What is My Watchlist?
