The in progress Scoping Study should update these details. I...

The in progress Scoping Study should update these details.

I believe 80% Cobalt Recovery and 25% Nickel Recovery.

So on current numbers we would be looking at 32,000 Cobalt and 55,000 Nickel. There is also significant magnesium that could be extracted and the remaining 75% Nickel can be processed again when a cheaper alternative becomes available.

I believe Cobalt is trading at around $28,900 USD last time I checked. So that converted to AUD is $37,770 AUD. Factor in that we will be producing an oxidised Cobalt and add 15-20% premium above this... which gives us approx $43,000 AUD.

32,000T Cobalt X $43,000 = $1.376B
55,000T Nickel X $11,500 = $632M
Total: $2.002B AUD

I believe there is great potential for the resource numbers to be expanded as well.

http://www.conico.com.au/announcements/bbe51cb278a1a2a103a1006b57cff073.pdf