POD 10.7% 3.1¢ podium minerals limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

  1. 10,939 Posts.
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    The comments about cobalt are interesting. Cobalt hype was really a few years ago - and more recently it has become moderately popular again.

    https://hotcopper.com.au/data/attachments/4777/4777930-e1402ab75ac219d1fb035bc479b8fc69.jpg

    Going back to the most recent JORC resource, cobalt amounts to 0.00018 of the grade, or by my calculation 180ppm:

    https://hotcopper.com.au/data/attachments/4777/4777938-81b2c00e7b66402ee200116b976ed624.jpg

    Compare 180ppm to, say, Cobalt Blue (ASX:COB) where the overall grade across deposits is 687ppm - albeit at a much larger scale - and you can see that if POD has high grade areas of cobalt then they may very well be economic if recoverable.

    Also an observation that POD also 5x-10x grade of Nickel than COB, among all the other metals in the deposit. Cobalt is another feather in POD's hat.

    COB jorc table:
    https://hotcopper.com.au/data/attachments/4777/4777948-7d00070a25349bd784e6651766c2723e.jpg

    Very interesting to consider that value add of cobalt to the basket price if shipping concentrate.


 
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