Makes me wonder why if CHK has a great deal and the cobalt mine is so good, why the MC is lower than all others when they are either drilling or bought a cobalt mine and will probably to a CR to drill.
CHK from my understanding has infrastructure to start mining on site already, historical samples and drills to support its an economically viable purchase as is high grade and already has a stockpile of cobalt to sell on site (correct any of these points if incorrect).
Is it because CHK does not own the mine until May and is quite far away (is the market not forward thinking)? Many unknowns as to if it will get done (history of CHK)? is the cobalt quality under question by the market?
The deal looks amazing compared to other companies however MC as everyone keeps noting is very low. Just interested in peoples opinions.
CHK Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
