Cobalt/Nickel/Gold news, page-14

@Black Cat agree that it's time to move on gold for Barra - which is happening. But according to Benchmark Minerals, cobalt will be in deficit within the next few years and the big problem is bringing new supply to market. As you know, Mt Thirsty has a unique advantage in that its low CAPEX at around $200 million makes it the lowest cost cobalt mine around. It can be developed in 2-3 years as opposed to 10 for HPAL projects. And importantly (see the SS), the first 5 years of mining are significantly more productive.

Who knows how the PFS will stack up, but with Mineral Resources buying into Barra last year, and into GAL, and large international joint ventures (such as that being supported by Toyota and the Japanese government) looking to find cobalt resources to develop, I think we can safely assume that the majors are certainly interested in what Mt Thirsty has to offer. It's all just a question of how Nickel and Cobalt price predictions develop.