A rough comparison on the value of the stuff in the ground:
N27:
500.000 ton * 0,17% cobalt = 850t cobalt
At 68000$/t this would be only 58 million.
Is this company not a bit expensive with a market cap of 29M?
Let's compare with COB:
54.000.000 ton * 0,091% cobalt = 49140t cobalt
At 68000$/t this would be 3.3B. Market cap of COB is 56M
What am I missing at this big a margin?
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Last
4.1¢ |
Change
-0.004(8.89%) |
Mkt cap ! $22.06M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.8¢ | 4.0¢ | $831.5K | 19.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 500000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 209999 | 2 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| RML (ASX) Chart |