see page 10 of Ardeas recent presentation MTH has the ASXs 10th largest Cobalt JORC and has a $4m Mkt Cap
https://www.ardearesources.com.au/downloads/presentations/arl_p2017011001.pdf
When Cobalt was at its lows last year the company reassessed the deposit and said it was uneconomic to mine given the current conditions, however "considerable potential to extend the known Cobalt mineralisation" as the deposit remains open along strike and depth.
despite the cobalt price rising almost 80% from its lows Im still not convinced that this deposit would be profitable or viable just yet and so the key to me would be to try and find higher grade ore or greatly increase the Resource
The big advantage MTH has over other Cobalt specs is that it has an actual deposit which has considerable potential to be expanded vs just some rock chips as many of the current specs are announcing
ASXs 10th largest Cobalt JORC $4m Mkt Cap
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