COB cobalt blue holdings limited
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Here's my thoughts: - COB need to spend $5m in ground to fulfill...

  1. Brakes
    192 Posts.
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    27/09/18
    12:27
    Post #: 35879246
    Here's my thoughts:
    - COB need to spend $5m in ground to fulfill stage 3 of the farm in agreement with BPL.
    - Add on about half a million a quarter operating costs ($2m by the time the BFS is delivered in 2020).
    - Decision to mine, $7.5m cash payment to BPL for 100% ownership.

    Not a matter of if but when. Do they wait until BFS is done?
    COB Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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