I think you're right @ric45 - many Aus retail investors are spooked on cobalt.
However, if we 'follow the money', both in terms of GAL's investments (47% to Norseman), but also China's billions in Africa, and billions on the table from VW, BMW, Panasonic and the like, there's a very different story.
The unique thing with Norseman/Mt Thirsty (as a laterite) - Nickel is a very high proportion of revenue. So it's somewhat hedged. Check out recent spreadsheets on CNJ forum.
Certainly going to be interesting to see how this plays out. I may be a fool, but I think GAL is all about TheNorseman/Mt Thirsty resource.
Cheers,
Solarbat
Ann: High Grade Cobalt in Shallow Drilling at Norseman, page-15
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GAL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $26.67M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $31.10K | 237.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24579 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 16775 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| GAL (ASX) Chart |