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Ann: DRC Cobalt Production Acquisitions Update, page-376

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Wooks08

1,620 Posts.

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27/08/18

13:58

Post #: 35206424
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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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again Avenger, it's Cobalt Hydroxide being produced. Not Cobalt.....

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

0 Great analysis

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