aoh upside summary, page-4

It's annual production of cobalt metal contained in a bulk concentrate, so it will need further refining in a fairly capex-intensive processing plant to produce a cobalt concentrate that they can sell.

Buying Luikonlahti Cu-Au processing plant was a great deal at firesale prices but it did leave them with the problem of what to do with the Co-Ni concentrate, because Luikonlahti can't process it.

So either they need to build a new processing plant for the Co and Ni or they need to bulk-ship the Co-Ni concentrate to another processer. Either way the margins are going to be a hell of a lot less than $20/lb, but who cares - as long as they can make at least some profit from it it's worth doing since this concentrate is effectively a waste product for Luikonlahti!