Brand new holder of N 27 but having followed it for months. Adding it to my portfolio of Cobalts companies. Very few comments on HC about N 27: Understand it is newly listed but in my opinion there isa need to summarise what is happening to this company and highlight its key points/strength twice a month for potential investors. Not everyone has the time to read all announcements.
Is there any LT holder since IPO time here on HC ? Username ( hum I recognise you from OGX !), Mammoth21 ?
What compelled me to buy N 27:
-Really high grade Cobalt for Australia
-Cobalt is the main metal and Sulphide type
-JORC 2012 (small as this early stage but mineralisation open to Nwest and S-SEast)
- Good Mgmt (Chairman ex BHP Marcketing director, MD 20 y experience in mineral exploration.)
-Mineralisation from Surface to 90m + Flat lying sediment hosted mineralisation =Open pit operations reducing CAPEX and Opex.
-Feb. Acquisition of Aruntha Lithium Tenements: Lithium (Pegmatite) + Rare Earth (7% LA- 12%CE in roch chip) & Cobalt, East of Alice Springs, around 400km2 = Cobalt + Lithium + Rare Earth !!
-Purchase of pXRF for coming exploration season: this is an amazing piece of equipment ( from fellow australian IMDEX) as it give results in realtime. Imagine the time( = money) saved.
-Tightly held , 40 M shares
and more
Investors should have a look at a write up by Far East Capital on Nov 4th 2017 ( in a nutshell it mentions that previous owner CRA calculated 4-5Million Tons at 0.3% Co. Can't be used officially by N 27 bcose no JORC) .
A lot is about to happen to this company very soon which should be a catalyst for a higher SP:
Mammoth 21 sums it well :
WOLLOGORANG PROJECT
-New resource calculation • Due to be completed late March 2018 based on Co prices less than 50% the current spot prices.
-Diamond Core Assay • Due to be received late March 2018
-Metallurgical Test Work • Due to be completed mid June 2018 •
-Scoping Study • Due to be received late June 2018 •
-New Exploration Method: • Use Toyota air core rig for initial shallow drill testing to 40m Get results immediately with pXRF •
- Define extent of new mineralisation with Aim to commence mid April, weather permitting.
Feel free to amend/correct and repost. This is a "team effort" to help/inform new or potential investors in N 27.
Northern Cobalt is going to have a very busy year.
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Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $4.830M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $2.778K | 1.045M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
42 | 44223389 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 7738280 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 44223389 | 0.002 |
27 | 43545211 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 7738280 | 7 |
0.004 | 4954075 | 8 |
0.005 | 904122 | 7 |
0.006 | 1250001 | 2 |
0.007 | 2500000 | 2 |
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