Good Presentation material: Key right now is to extend LOM as Mgmt mentioned. It will v likely happen. Cost reductions initiatives also under way. All this will make the PFS numbers change drastically for the better.
Right now all Co mining stocks have been hammered ( except AML but no PFS yet if i am right ( i am not holding AML)) and COB particularly hard. Another issue is that COB has no large shareholder: largest two are the Hill family and LG with 7 and 6%. Does not help. Co prices have gone down too but it was expected after the huge rise: nevertheless I believe they have stabilised and should likely go back up. According to an industry veteran Co prices weaken each summer before going back up by autumn; however if the fundamental trend is down then... Also the prices we see at around $30/lb are for Cobalt metal but by March next year there will be a real Cobalt Sulphate price: that will be representative of COB end product. In my humble opinion Co prices will go back up as EV production is increasing v fast. COB share price will go back up too.
COB Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
