From the article:
The cobalt price recently hit $33/lb. The leverage for COB is astonishing, Kaderavek told *.
“A US$2.50/lb increase in the price of cobalt delivers a 28% NPV (Post Tax) increase,” he says.
“For example, a mark to market exercise reveals that today’s Broken Hill project is worth $1.3Bn – as opposed to the $550m that was assumed on long dated numbers back in 2020.”
