Why aren't you on the beach??
I have a question for anybody with a spare 10 minutes.
Cobalt 27 is a pure cobalt play in Canada. They do not "explore for, mine and process cobalt."
It has 2,982.9 tonnes of cobalt in storage in Baltimore.
That amount of cobalt @ $100,000 CAD a tonne is worth $298,290,000
My problem is that Cobalt 27s market cap is $460,000,000.
How can their market cap be worth so much more than the resource they are holding?
Also, if I am reading this right, what does it say about the future price of cobalt?
Any suggestions?
BE
ARL chart, page-46
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Last
47.5¢ |
Change
-0.010(2.06%) |
Mkt cap ! $94.84M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 46.0¢ | $75.18K | 159.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10212 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6907 | 2 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| ARL (ASX) Chart |