if the company hits some large carollite veins which are 30%...

if the company hits some large carollite veins which are 30% cobalt 10% copper that could give us some massive upfront revenue and speed up stage 2 funding.

$70,000 a ton cobalt
$6,000 a ton copper

So ton is about $21,600 x 9


Cobalt density per m3 is 8,900kg = 9 ton
Copper density is same
http://www.ambrsoft.com/calcphysics/density/table_2.htm


So to find stage 1 from Carrollitte - 10m x 30m x 1m = 300m3 x $21,600 x 9tons = $58m

A small area like this would be cheap to dig and get processed. This is literally the market cap of the company and stage 1 funding.

I’d its bigger then even stage 2 could be funded.

Let’s say it’s half and $30m that makes it cheap to find stage 1.

If carrollite comes through we will be advancing fast and the shorter will burn!!!!