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?
Doesn't matter, demand would be for higher purity. Look, if you...
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