Ann: Initial Director's Interest Notice, page-3

On the announcement it says the refinery has a near term capacity to produce 2000 ton of cobalt product per year.  That's $66M of cobalt at today's price. If correct that the raw material costs half that to buy as a concentrate (for the same contained cobalt) and the refining process doubles the value of the contained cobalt as a finished product, this would represent a potential profit of $33M per year at today's depressed prices minus refining costs by my calculation. Does any one have a better insight into these assumptions or any idea how much refining costs might approximately come to?