Wow, I was here when they first announced their Cobalt acquisition back in Nov, sold out in the 10's, didn't expect EQU to touch the 100M$ valuation. But there you go, proven wrong again. And to think I thought 50M$ for a junior was expensive lol.
I've been reading the history of the Silverfields, and there seems to be high grade cobalt everywhere. Ontario just seems to be filled with cobalt wherever I read. I did some summing and converting of values on this site (http://www.davidkjoyceminerals.com/pagefiles/articles_cobaltmines.asp) and based on it around 17,000 and 14,000 tonnes of Ag and Co have been produced in the Cobalt area. Like the presentation said, no exploration using modern technology has been used. Very likely this will go into production based on historical precedence. Let's hope management optimises OPEX and CAPEX on this one.
CO1 Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
