CHK recent announcement of Cobalt-X including Mt cobalt mine area appears to be hidden treasures. This area appears to be widely known to many geo-scientist and researchers who found highest concentration of cobalt minerals such as Cobaltite, glaucodot, heterogenite and erythrite in this area
Here are few quotes of this research: In Queensland, the Mt Cobalt and Queen Sally deposits (Munro-Smith, 1998;
Munro-Smith et al., 2000) were the first to be mined for cobalt. Cobalt was first
discovered in the 1870s at a deposit called Mt Cobalt, south of Kilkivan on the coast
of Queensland near Hervey Bay, A mill specifically for recovering
cobalt was erected on site in 1922. Some 778 tonnes of cobalt were produced from
Mt Cobalt between 1920 and 1934. Cobaltite, glaucodot, heterogenite and erythrite are the main cobalt minerals present at the Queen Sally, while arsenopyrite, pyrite and pyrrhotite contain significant cobalt
researchdirect.uws.edu.au/islandora/object/uws%3A2409/datastream/.../citation.pdf
Compare CHK with (ASX:ARL). CHK looks to me catching up significantly after Cobalt Mine acquisition as ore and grades are far better than ARL deposit. Currently ARL is 69c . So, figure out where CHK will go from here.
DYOR
CHK Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
