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A rough comparison on the value of the stuff in the ground: N27:...

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    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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