Cobalt Price leaps, page-102

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davybabyk

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16/03/17

13:14

Post #: 23397981
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Originally posted by davybabyk ↑

Yup

Totally agree. My buy in price was very low and I can bail at a handy profit, but I held out at 12.5 cents because I'm very confident that the best is yet to come. There is every reason to expect that the Mt T Scoping Study will confirm earlier evidence and demonstrate Mt T as a low cost to mine, low cost to refine operation - with a easy, short and low capex path to production.

At that point BAR will get a major re-rate. Any companion announcement re a deal with Creasy would add further value. Sure, Creasy will get a proportional share - but it will make the whole deal significantly larger and more attractive as a project.

Then we have the Bitter Bore Cobalt project lurking in the corner - with potential to be something big.

But even if BB draws a blank, BAR also has a great future in gold at Burbanks.

Management has proven their capability - so there is just so much reason to hold - and buy more when I can.

Cheers

Dave

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I should add - I'm not trading the bumps, because my holdings are now all over one year - so I don't want to lose the tax advantage by trading and renewing them when I expect a much bigger rise down the track. Also I'm too busy with other things.

Ace traders like Mirren - I hope you make some good $ trading the volatility! Good luck to you.

Best wishes

Dave

BAR Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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