TGS tiger resources limited
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quarterly update - cobalt?

  1. asteroider
    19,557 Posts.
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    23/10/09
    13:37
    Post #: 5822831
    Results of the Kipoi Cobalt metallurgical testwork "expected October 2009"

    Would be good news if they can extract the cobalt fairly easily.

    If my calcs are correct:

    For the cobalt: [email protected]% Co is 13000 tons Cobalt is around 28mlb @ for example US13/lb = $360m USD * percentage extraction.

    So if 60% extraction, around US200m?

    Seems like an awful lot.
    Is my calc correct?
    TGS Price at posting: 20.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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