In 2016 approximately 60% of cobalt mined was as a by-product of...

In 2016 approximately 60% of cobalt mined was as a by-product of copper, 38% as a by-product of nickel, and the remaining 2% from primary cobalt mines.The main implication of this is that, unlike most base metals, changes to global copper and nickel production are the main determinants of changes in cobalt production rather than the supply-demand dynamics and pricing of cobalt itself.It is expected that short-to-medium term cobalt supply will increase although at a slower pace than demand creating a supply deficit up until the end QUOTE.

This is an old article, but it does highlight the enviable position COB is in as a rare primary cobalt mining project. Hopefully Breakthrough Energy Ventures is fully aware of the current status of the company. There is a lot of work ahead but IMO it will be well worth the effort.

https://www.globalenergymetals.com/cobalt/cobalt-supply/