Cobalt Due Diligence - Now and Friday

Announcement dated 9th of March 2017
'Capital Mining to acquire Cobalt Project in Western Australia'
Current price of Cobalt - $55,500 USD/T - http://www.infomine.com/investment/metal-prices/cobalt/

The vendors will receive 25m options @ a price of .02 with an expiry of three years. I believe this is probably one of the more important parts of the deal and especially the way the share price has behaved over the past month or so. The vendors would have to be looking at a share price of .025+ to even bother attempting to make money off of these options. WATCH FOR A PUMP IN THE SHORT TERM TO GET THESE OPTIONS IN THE MONEY POST DUE DILIGENCE ANNOUNCEMENT.

Current MC of $11m @ 1.9 cents with:
- Wolfhound Lithium Project (100% ownership and 2.47% lithium grades)
- Mayfield Zinc/Copper Project (75% ownership and impressive grades)
- Chakola Gold Project (100% ownership/currently planning drilling/next door to big boys)
- BCC deal ($250,000 and the option to negotiate with them/directors currently over in America is a very, very interesting move)

Add in a full blown Cobalt resource with historical findings of cobalt when it was a nothing resource and well over $1 million in cash in the bank and this is still very, very undervalued.