(I Have tried to edit a bit)
Good points PG &RDL
RDL.. The contrast between traditional slow growth commodities ie Iron Ore with high current demand
And a completely new revolution ie the coming revolution of electrification of vehicles and batteries
Which will mean a massive pick up in demand for has been up till now an un traditional commodity
This revolution will be starting around 2021-2022 and growing then for foreseeable future
The spot price now ie what you need to buy for present use really has nothing to do with what the price you will need to pay in 2021- 2022 and beyond
And this once in a lifetime revolution means cobalt price in 2021-2022 is likely to be very significantly higher than it is now
In RDL,s example they need the Iron Ore now so price jumps straight away
With cobalt the present urgency of demand is not so urgent
CLA resource is likely to be mined 2021- 2022
So for a Buyer, Joint venturer, Partner to inject capital
This is the time period and corresponding Cobalt price to focus on
all IMO
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