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4.00%

7.2¢ cobalt blue holdings limited

Broken Hill global cobalt province., page-857

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bluesamurai

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06/08/23

18:09

Post #: 69187290
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Originally posted by bluesamurai: ↑

COB’s Broken Hill cobalt project (BHCP) in NSW is one of the only large scale, non-African, greenfield primary cobalt projects in the world.With the amount of negative attention artisanal mining in the DRC is getting at present, that’s a big plus.The 81,000t BHCP could be in production by mid to late 2025, it said last year.It would produce +3,500tpa cobalt metal eq over 20 years at a very low all-in sustaining cost of $US12/lb – making it profitable even at record low prices.According to Benchmark Mineral Intelligence, the beaten down battery metal is currently selling for US$14.50/lb-US$16/lb on the spot market, but the outlook is cautiously positive. QUOTE from * today
The DRC is getting bad press from the release of the book Cobalt Red highlighting the terrible damage of artisanal mining using child labour , all involved along the supply chain need to justify their involvement. This will play a big role in the future of COB’s importance in the mining and processing of cobalt ethically in a secure jurisdiction IMO

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COB Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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