Ann: Successful completion of Institutional Offer, page-29

Forget about the actual amounts, they're just examples.

Just remember though, if the Cobalt price was $100 a year ago, and JRV price was $1.00, and Cobalt dropped 70%, the it would be as follows;
Cobalt from $100 - to $30 = 70%
JRV from $1 to 30c = 70%

But if Colbalt ever went back up to $100, the it would be as follows;

Cobalt from $30 to $100 = 330%
JRV from 30c to $1.00 = 330%

Big gains to be made if Cobalt starts climbing, and IMO it looks like it is, and that is the question we should be asking each other.