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Charts showing Li and Co stocks down across the board in Feb/Mar/April. Thoughts?, page-7

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colorado

307 Posts.

49

02/05/17

22:31

Post #: 24424314
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Originally posted by NegativeInvestment ↑

I think the problem with cobalt is that a lot of "explorers" have suddenly switched to searching for cobalt or finding any historical results and shouting that they have x% cobalt, which really muddies the waters and prevents capital from being allocated efficiently (i.e. to the companies with the best resources/highest chances of success).

There's also a lot of people running around asking questions like "What's a good cobalt grade?", and not understanding deposit types (e.g. laterite vs VMS) or things like CuEq, ZnEq or CoEq. I suspect quite a few of these people might have done their dough and moved onto the next big thing.

We'll see what this means for the quality stocks in the sector over the next six months.

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@ 0.5% Cobolt, in ground value per tonne of dirt is $275 US or 6.8 gpt Au equivalent.

IMO I would say Mt Thirsty will be a very profitable.

Rough math, happy to be corrected.

BAR Price at posting: 4.9¢ Sentiment: None Disclosure: Not Held
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