COB 0.00% 8.4¢ cobalt blue holdings limited

But they are literally canning further work on the DFS:2 BHCP –...

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    But they are literally canning further work on the DFS:

    2 BHCP – Review
    The technical work packages defining the BHCP Definitive Feasibility Study (DFS) are nearing completion however, given current
    battery minerals pricing, particularly cobalt metal trading at US$12–14/lb, as well as the current inflated capital cost environment,
    the BHCP (in its current form) is presently unlikely to attract project financing.
    Rather than deliver a DFS that effectively “sits on the shelf”, waiting for a future upturn in the macro environment, the COB Board
    has paused completion of the DFS (in its current form) and requested management to undertake a Review to assess the viability of
    a condensed higher margin project. The Review will likely make substantial use of the extensive library of technical studies, reports
    and other work undertaken for the DFS

 
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