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3.8¢ pure minerals limited

As SG said today, they also now have competitive tension between...

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sigmadelta

10,295 Posts.

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27/11/20

16:15

Post #: 49196604
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Originally posted by BobbyMorane: ↑

There are a few differences between a pure cobalt play while cobalt was in a bubble and what we have here.

I don't think any serious investor believe these MOUs binding or to be anything other than proof that we have a few big players' attention.

If these were binding contacts, the MC wouldn't be sitting at 40m$ for a project potentially delivering 250-500m$ Ebitda.

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As SG said today, they also now have competitive tension between potential offtake partners. Why not have both, especially if the combined plant would be profitable with only one of them.

Last edited by sigmadelta: 27/11/20

PM1 Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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