That is exactly what I highlighted in my post on the other COB thread! COB is unique as it is in these 2%. It is 100% focus on Cobalt. No Nickel to worry about and contrary to CLQ which has a laterite ore COB has this wonderful Sulphide ore.
CLQ had around $ 117M cash at of March 31st: the previous CAPEX prevision was $ 784M. Now that they plan to increase output of Cobalt by more 100% and Nickel by almost 50% that means very likely a CAPEX way above $ 1 billion maybe around $ 1.3 Billion. They have a group of banks arranging a $500 million loan but that would still leave in my opinion at least another $ 600 million to find. Maybe an off taker will pick up a portion of the tab as a deposit but CLQ will still have to do a significant capital raise and there are already close to 800 Million shares issued. I think the CLQ project will happen but its profitability will be way less that COB's. We''ll know more in a few weeks upon publication of COB"s PFS results.
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That is exactly what I highlighted in my post on the other COB...
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7.1¢ |
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Mkt cap ! $29.99M |
Open | High | Low | Value | Volume |
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2 | 51211 | 7.0¢ |
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No. | Vol. | Price($) |
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1 | 25000 | 0.070 |
4 | 64801 | 0.069 |
3 | 108000 | 0.068 |
1 | 50000 | 0.067 |
3 | 119000 | 0.066 |
Price($) | Vol. | No. |
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0.071 | 59533 | 2 |
0.073 | 34998 | 2 |
0.074 | 413200 | 4 |
0.075 | 105321 | 5 |
0.076 | 62616 | 3 |
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