Unfortunately the price that the company would get for cobalt credits is nowhere near the$19 USD/lb that the metal sells for.
There is a lot of processing cost in Cobalt which is he main reason for its high price and also the main reason why not many companies produce it. In the end the cobalt in the ground is only worth a fraction of the metal price.
Before we can bank on QMN getting anything out of the cobalt they will have to come up with a plan on how they are going to produce a concentrate and how they are going to sell it.
Sorry for the downer on this but copper gold is still QMN's strength
- Forums
- ASX - By Stock
- QMN
- fair value?
fair value?, page-12
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)