Cobalt and Lithium sector running hot. Doesn't look like it will be slowing down anytime soon.
I'm particularly keen on Cobalt for N27 given non DRC based resource.
DRC already has plenty of political instability, child labor (human right issues) and is now planning on increasing its taxes on Cobalt from 2% to 5%. This will impact supply and will have a further positive effect for non DRC based companies.
We already have the goods (Cobalt) and outlook for prices looks very bright. We should be able to upgrade previous JORC.
Don't forget we are also joining the Lithium play (added bonus, although I am not putting any reliance on here and think the company should just focus on Cobalt for now) Obviously once we define grades and deposit size, then we can move on to Lithium
RML Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
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