CNJ 0.00% 0.1¢ conico ltd

Capital raising at sub 1c, page-17

  1. 2,200 Posts.
    lightbulb Created with Sketch. 995
    Great article very informative, thanks for that.
    No doubt Mt Thirsty will be a very valuable asset for CNJ in the coming years as we change to electric cars, Cobalt and Nickel demand will continue to rise and so will their prices over next several years. I am sure it wont be too long before a Joint-venture partner will come along to finance the project, which could be a very good earner for CNJ for many years to come.
    The Congo who supplies 60% of the world Cobalt is well known for its human rights abuse, particularly to its children workforce in the mines and this may result in many manufacturers to stop using it as a source for Cobalt. There is also the likelihood that a war may break out there or in the region and that would devastating effects on the supply of Cobalt. The Congo has a very unstable political system which has seen many conflicts, civil wars over the years and just recently in February 2022, allegations of a coup d'état in the country lead to uncertainty.
    Last edited by The Mechanic: 24/02/22
 
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