BB: We based our modelling pricing on US$12/lb for cobalt and $5/lb for nickel. Cobalt is currently $30/lb so we’re being very conservative because we’re taking a 20-year view on that. But if you look at the next three to five years, you can see the cobalt price is going to continue to strengthen as demand for the product continues and there’s not a lot of new supply coming on. We can make good money on $12/lb and it’s never been below that, so our project will stand up regardless of what the price does in the short term.
from the horses mouth.
BTW AUZ shortlisted for Australian mining company of the yr tonight in london money and mines tonight. I wish you good luck no issue with AUZ or its shareholders. I think that BB is not being consistent though.
Ann: BFS supports strong commercial case for developing Sconi, page-795
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