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
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Last
47.5¢ |
Change
-0.010(2.06%) |
Mkt cap ! $94.84M |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 47.5¢ | $8.844K | 18.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1980 | 47.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 11258 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1980 | 0.475 |
3 | 106891 | 0.455 |
7 | 158723 | 0.450 |
1 | 20000 | 0.435 |
1 | 2000 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 11258 | 1 |
0.505 | 9696 | 1 |
0.510 | 12192 | 2 |
0.520 | 10575 | 2 |
0.530 | 50950 | 1 |
Last trade - 15.30pm 24/07/2024 (20 minute delay) ? |
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