According to Benchmark minerals 20.5% sulphate spot is up to $23,000/t or approx $51/lb. Not sure what the pre feasibility assumption will be but things are looking good.
I did a quick comparison of COB’s IRR using ARL’s PFS $43/lb and we’re looking at 67% vs ARL’s 25%. A lot of the difference comes down to COB’s higher grade after the simple crush, gravity separation and float.
As fast as the share price has run the EV / market cap is very low relative to the NPV due to be released soon. Plus all our neighbors are looking to sell ore to us which could turn COB into a major global producer in time.
According to Benchmark minerals 20.5% sulphate spot is up to...
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Last
5.4¢ |
Change
-0.001(1.82%) |
Mkt cap ! $24.02M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.4¢ | $19.44K | 360.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 173588 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 113166 | 2 |
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| Last trade - 14.57pm 22/07/2025 (20 minute delay) ? |
| COB (ASX) Chart |