I reckon 5 cents is a more realistic target with the huge oversupply of Cobalt until 2028 at least. There is no way an Australian Cobalt mine can compete against China Cobalt production. Have you looked into the production numbers coming out of Chinese mines from the Congo and Indonesia.
They have upped supply and production of 62% in one year.
Even Glencoe have slashed production and have been relegated out of second place in supply terms.
I reckon 5 cents is a more realistic target with the huge...
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Last
7.0¢ |
Change
-0.004(5.41%) |
Mkt cap ! $29.57M | |||
| Open | High | Low | Value | Volume |
| 7.4¢ | 7.4¢ | 7.0¢ | $14.69K | 204.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 125111 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.3¢ | 101555 | 1 |
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| Last trade - 15.39pm 23/08/2024 (20 minute delay) ? |
| COB (ASX) Chart |