The cobalt price passed A$100,000/t a few weeks ago and is now A$107,370.
To put this is perspective, the 43,500 tons of cobalt reported 24/1/18 which is JUST IN THE SMALL VARDY/MARLEY 3.6 km subset of the overall 20+km of the Fish River Fault at Walford Creek is now worth A$4.67 Billion on its own!
Or, just looking at the amount of A$7,370/t that the cobalt price is now over the $100,000/t mark, is worth +A$320m by itself for AML (i.e. double the current overall AML market cap). Again, and this is only for Vardy/Marley and ignores the other 20km of the FRF which historical drilling has proven up similar, if not better cobalt results. It also ignores the added value of the huge copper (A$2.5 Billion) and zinc etc....!
It's hard to put an overall value on AML but the SP/market cap should already be multiples of where it currently is IMO....
Cobalt over A$100,000/t adds A$320m to AML!
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