The share price is linked to the cobalt price and it's had a volatile history as some previous posters have shown. Hopefully this will stabilise with more future contracts as this should benefit everyone from OEM's, trading houses and certainly miners.
COB are continuing their work as outlined and have now filled this new mining specialist role as mentioned in the "CEO Letter to Shareholders - Cobalt Blue Strategy". From memory Joe mentioned that the Cobalt COB can extract from waste streams came in around US$9/lb compared to the US$12-13/lb from the BHCP mined feedstock. DFS will have some updated numbers in Q3 and hopefully some new waste stream feedstock or other metals will be added to the project.
"Cobalt in Waste Streams Projects (CWSP)Our Demonstration Plant will be finalising its BHCP focussed test work in coming months. Beyond mid-year the plant is available for large scale test work for other projects, which we believe will arise from our current suite of identified opportunities. Recycling mining waste to commercialise metals contained within remains a focus for our business with a majority of Australian opportunities being cobalt dominated, while international opportunities include other metals. Whilst our current Queensland focussed test work continues, a mining specialist whose role will include a global search for mining waste stream and primary resource opportunities is expected to start with us shortly." Quote from CEO Letter to Shareholders - Cobalt Blue Strategy Release Date: 13/04/23.
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