Why aren't you on the beach??
I have a question for anybody with a spare 10 minutes.
Cobalt 27 is a pure cobalt play in Canada. They do not "explore for, mine and process cobalt."
It has 2,982.9 tonnes of cobalt in storage in Baltimore.
That amount of cobalt @ $100,000 CAD a tonne is worth $298,290,000
My problem is that Cobalt 27s market cap is $460,000,000.
How can their market cap be worth so much more than the resource they are holding?
Also, if I am reading this right, what does it say about the future price of cobalt?
Any suggestions?
BE
ARL chart, page-46
-
- There are more pages in this discussion • 3,768 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
52.0¢ |
Change
0.020(4.00%) |
Mkt cap ! $103.7M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 52.0¢ | 48.5¢ | $75.72K | 150.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 37329 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ARL (ASX) Chart |