Ann: DRC Cobalt Production Acquisitions Update, page-254

Doesn't matter, demand would be for higher purity.

Look, if you take $11k/t for 99% Cobalt Hydroxide at retail price off Alibaba (this is too expensive apparently) and compare with WFE purity of 40%, knock off 20-30% for the refinery to make some money and it's around $3,300/t.

So with WFE production numbers of 12,000t it'd be $39 mill. Then you've got to take out production costs, plus the cost of the ore bought then divide by two for the JV partner...

Looking at perhaps around $10 mill?