Cobalt Blue attracts funds., page-28

I agree with your comments BUT the issue here is about Co supply which is absolutely critical to our EV future. We simply cannot do without so I now believe ( against all my ingrained beliefs) that the economics of Co production by whatever means are of secondary importance to its supply The quickest way to increase Co production is to increase Ni/Cu production in those mines where substantial Co credits already exist. Some way will be found to do this by a combination of:
1. Guaranteed Ni/Cu prices under long-term offtake agreements
2. Substantial equity investments for project development and/or expansion
3. Substantial finance packages for project development and/or expansion probably linked to off-take agreements.
4. Straight TO and use of all Ni/Cu/Co in EV manufactures own plants. The price of Ni/Cu/Co then is not an issue.

I've no doubt that all EV manufacturers will be looking at a range of strategic scenarios to increase Co supply and we will see some very interesting action next year.