A rough comparison on the value of the stuff in the ground:
N27:
500.000 ton * 0,17% cobalt = 850t cobalt
At 68000$/t this would be only 58 million.
Is this company not a bit expensive with a market cap of 29M?
Let's compare with COB:
54.000.000 ton * 0,091% cobalt = 49140t cobalt
At 68000$/t this would be 3.3B. Market cap of COB is 56M
What am I missing at this big a margin?
Expensive?
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