Low quality? Unless you go to Canada or Scandinavia wouldn't it be difficult to find higher grades of Co? As long as this resource keeps expanding like this we'll be in some sort of business. Am I right in saying even the existing inferred resource of 0.5Mt @ 0.137% average grade and US$68,000/t is $465M worth of Co? Obviously mining, processing and shipping costs to consider, but it's a good start. Please correct if my calc is wrong though...
Ann: Stanton Cobalt Resource Remains Open in Multiple Directions, page-6
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