cobalt breaks 23,800, page-89

Held that level today on the LME.

I think the valuation of this "defined" resource is really looking incredibly attractive seeing as DLE's cobalt marketing and two drill hole results from 1983 (that may not even be accurate) seem to give them a value well over $12M.

After all CNJ/BAR has these catalysts going for them:
+Low Cost mine solution that currently has 40,000 tonnes of cobalt defined - a billion dollar value at today's closing LME price. Let alone nickel and manganese.
+Mark Creasy's Platx to the north and south of the tenement. $369,000 expenditure on their tenement over the last year. Agreement with them is the obvious outcome.
+Drilling to commence this month to upgrade the resource.