@El Jefe sulphide = cheap and laterite = expensive is to simple....

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    @El Jefe

    sulphide = cheap and laterite = expensive is to simple.

    AML Walford Creek is a sulphide project, opex 73 A$/t

    BAR/CNJ Mt.Thirsty is a laterite project with benefits due to the weathered mineralisation, opex 43 A$/t

    Mt. Thirsty 290 Am$ NPV after tax
    If they achieve their recovery targets + approx additional 160 Am$ NPV
    Further potential due to not in Jorc/SS considered additional mineralisation given
    Highest cobalt share in metal mix of all ASX Co companies (> 80%) = huge leverage when Co prices climb further

    50% stake CNJ from possible NPV = 225 Am$
    Marketcap CNJ = 16 Am$

    CNJ is having imo the best chance/risk ratio of all ASX Cobalt miners.

    For 16 Am$s marketcap you receive normally lousy explorers with some average drill-holes, far away from being de-risked by already having a decent JORC and a Scoping Study.

    Cheers
    Maigret
    Last edited by Maigret1: 02/01/18
 
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