Cobalt price used in PFS was actually only $12, currently $28 and can only move in one direction.
Can anyone tell us how much that $16 uptick in Cobalt price is worth to CLQ???
Don’t worry, here it is....
CLQ will be producing 5000 tonnes of contained Cobalt per annum, as per recent upgrades to Cobalt resource. There are 2204 lbs in a tonne:
5000 x 2204 x $16 = US$176,320,000p.a.
At USD/AUD exchange rate of .76,
This gives AU$232,000,000!
Amazingly, just the increase in Cobalt price since PFS delivers a $232M windfall for CLQ. This is a per annum figure, NOT a one-off.
What’s a fair P/E for a miner???
Would 8 be conservative for a 30yr asset in one of the most sought after / supply restricted commodities on the planet?
Let’s just use 8 because I like the number. At a P/E of 8, the increase in Cobalt price over the last yr, on its lonesome, would deliver a market cap of $1.86Billion! This is the increase of $16 only, which will fall direct to the bottom line.
Holy sheet!!!!!
The Platinum, a recent afterthought for CLQ, will bring in another Billion odd.
Scandium was worth $US400M if added to last years PFS.
I can’t be bothered going into the Nickel fundamentals and the rest of the money spinners.
Hold onto this one guys, it’s an absolute beauty. It’s been strongly accumulated for months now. If you do want to trade it, sell a parcel in the morning and buy back a few hours later when the bots have done their job keeping the share price at bay.
Good night and good investing.
CLQ Price at posting:
$1.60 Sentiment: Buy Disclosure: Held
