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Ann: DRC Cobalt Production Acquisitions Update, page-375

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HAC30

5,633 Posts.

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27/08/18

13:43

Post #: 35205866
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Originally posted by The Avenger ↑

Beg to differ here and reasons as follows -
1. WFE only need to spend 500K to get to 250,000T ore processing. If grades are high and at 40% odd concentrate and negotiating price outside LME then I can see easy initially approx 2000T cobalt produced annually. Now at conservative price of $60000USD /ton that's $120M annually (gross). At a PE of double-digits + then very safe to assume potential market cap of $1.2b at lowest end of scale
2. then imagine if feasibility study increases capacity to 1m+ ore processing within a small time frame and with low CAPEX.
3. All the above is very very conservative as the 6 licences, Canada, and tailling reserves are yet unknown

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You're assuming the below:

1. Consistent, 2%+ ethical feed without needing to pay a cent for it.
2. 100% payability
3. 100% recoveries
4. Zero processing cost
5. Zero company and admin costs
6. Zero tax
7. Zero royalites

Last edited by HAC30: 27/08/18

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
8 Upvote

1 Great analysis

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