All base metals prices smashed in the last days.
All base metals ? Oh no, there's one exception. Cobalt bursted to 70.000 $/t yesterday
https://armenpress.am/eng/news/915169/lme-prices-for-non-ferrous-and-minor-metals---06-12-17.html
Another one of those some hundred metres cobalt-strike-hopefulls arrived in reality, N27 Northern Cobalt today -21%.
You can exploit a small 200koz gold deposit economically, but in cobalt mining size plays an extremly important role. Too much capex is needed that small deposits have a realistic chance to go into production imo.
Nice consolidation in the last days. We've seen similar respites after every sharp 40-50% increase in the last weeks/months. A good buying opportunity...
CLA - FA Bagger Aspiring Cobalt developer. Huge landholding, B Borg, page-634
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