FCC
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0.00% 15.5¢ first cobalt corp.

Ann: Inferred Mineral Resource for Iron Creek Project, page-14

  1. Ashentegra
    5,529 Posts.
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    07/10/18
    10:10
    Post #: 36026031
    I don't think you understood my answer.

    FCC:V is ~$C110m market cap. About a quarter of this is held as CDI's on the ASX.

    According to FCC's 30 June Quarterly, it then held $C19.8m in cash.

    https://www.firstcobalt.com/_resources/financials/FS-Q2-2018.pdf

    $C9m of the cash is committed to FCC's aggressive drilling of Iron Creek, correctly seeking to define the resource. A further two drill rigs have since been added to accelerate exploration.

    Ash
    FCC Price at posting: 35.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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