@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
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