If from the outset I can ask all posters to please respect this thread and not turn it into some one liner ramp fest for your chosen cobalt stock but instead assist with compiling a list of ASX listed cobalt players with detailed info, if you wish to add your stock to the list please provide the required detailed info, (mods can I ask any one liner ramps be deleted please to keep the integrity of this thread in tact if thats ok)
Im going to break them up into 2 groups, those with a JORC resource and those with just rock chips or drill samples
Im going to rank them in order of market cap from most expensive down to least and do my best to include relevant info
Theres going to be plenty missing from the list so please assist by adding and giving the required detailed info
@accaeric @john435 @Anton Chigurh @thunder54 @Freehold @forrestfield @Green X @Waiting4Godot @Green Bull @Haplo @treasurehunter @bluesamurai @Jako64 and at anyone else that can help grow this list or edit it for incorrect details
ASX Cobalt JORC list
1. CLQ Mkt Cap $405m (480m shares + 50m options so might be higher if using the options)
Cash $9m JORC [email protected]%Ni+0.1%Co +Scandium credits
advanced deposit with unique processing option for deposit
2. NZC Mkt Cap $70m (200m shares) but only owns 70% of deposit so look through market cap is higher
Cash $5m Debt $5m JORC [email protected]%Ni+0.32%Co also has a smaller higher grade Cobalt JORC
[email protected]%Co
DRC
3. BAR Mkt Cap $46m (420m shares) but only owns 50% of deposit so look through market cap is alot higher
Cash $2m JORC [email protected]%Ni+0.13%Co+0.86% Mn
The Mn will also be a useful battery product in time imo
4. CNJ Mkt Cap $30m (360m fully diluted including 3c option) but only owns 50% of deposit so look through market cap is alot higher which is why its here
Cash $2m JORC [email protected]%Ni+0.13%Co+0.86% Mn
The Mn will also be a useful battery product in time imo
5. ARL Mkt Cap $50m (70m shares)
Cash $5m
JORC [email protected]%Ni+0.05%Co Has a higher grade smaller Cobalt zone thats the focus
[email protected]%Ni+0.12%Co
The largest Nickel Laterite Cobalt JORC of the group
6. GME Mkt Cap $36m (450m shares)
Cash $3.5m
JORC [email protected]%Ni+0.06%Co Has some advantage over other Ni Laterite deposits in that it wont need HPAL but can use Heap Leach = Cap Ex savings due to simpler processing
7. COB Mkt Cap $30m (95m shares)
Cash $10m
JORC [email protected]%Co + Sulphuric Acid credits Has some advantage over other Ni Laterite deposits in that its m,metallurgy is different but seems dependent on an offtake for its Sulfuric Acid to be viable?
8. HMX Mkt Cap $10m (200m shares)
Cash $2.5m
JORC [email protected]%Cu+0.14%Co Has good cobalt grades but a tiny deposit and far to small to be taken seriously imo
9. MTH Mkt Cap $4m (690m shares)
Cash $500k
JORC [email protected]%Cu+0.05%Co management havent really been promoting the Cobalt sotry hence the valuation difference, deposit needs to be larger but luckily is open along strike and depth
10. RMI Mkt Cap $3m (300m shares)
Cash $0 Debt $1.5m
JORC [email protected]%Ni+0.07%Co This one is an enigma, deposit is comparable to GMEs in terms of size and grade but its located in PNG. The big catch with this one is company has been dead in the water for some time and has been completely reliant on major holder Sinom for funding and they also control the debt
Thats 10, Im aware there are others that should make this list like
HAV TGS and
CFE but I couldnt be bothered digging up the info so if someone else wants to oblige
As for explorers the list is plenty but again I couldnt be bothered digging up the info but Im aware of
EQU BMT CHK CZN RIR ARE BML Im sure there are plenty more so if others can assist but providing the above detailed info on any you want to add to the JORC list or the explorers list
