Hey guys Here is a statistic that may interest you. Obviously...

Hey guys

Here is a statistic that may interest you. Obviously meant to be a "Back of the envelope calculation so any corrections or improvements most welcome.

CLA currently has a market cap of 107 Million dollars which is 79 Million US dollars.

The price of cobolt is currently $75,000 US  per ton ( expected to be far higher by the time CLA mine but lets roll with this for now).

There are approximately 5Kg of cobolt in the battery EV such as the tesla model 3.

So I think you can see where I am going.

1000/ 5 = 200 so there are 200 electric vehicles supplied by one ton of cobolt at $75,000.

In March 2017 to March 2018 Toyota sold 10,400,00  vehicles.

That's 28,000 per day.

https://www.statista.com/statistics/267274/worldwide-vehicle-sales-of-toyota-since-2007/

Now we can and should squabble over how many many will be pure EV, Hydrogen fuel cells, hyrbids and in what timeframe this will occur in and sure battery tech is changing very quickly. But......

Does anybody think it would be over bullish to assume that Toyota makes 1/4 pure EV vehichles by 2025 ?

If thats ok we are at 7,000 cars per day needing 5kg of Cobolt each

That's 7,000 * 5= 35,000 Kilos of Cobolt per day.

Toyota will need 35 tons of cobolt per day !

75 * 75,000= 5.6 Million dollars.



Toyota will burn through CLA's current market cap of Cobolt every 18 days !

And thats just Toyota.

How long before one of these big players figures this out.


Don't buy the milk. Buy the Cow.

But hey, the scoping study is a few weeks late so you should probably sell.