"It's a pile of junk with no feed supply anywhere. The cobalt will not comne from their Colbalt, Ontario holdings. It can't as there are no resources outlined. And that would require a new mill to be built to process the ore and then provide a concentrate to the refinery. Everyone on this forum seemed to think you can just process rocks in a refinery. Insane."
Which is similar to my view, though in fairness FCC also owns a decommissioned mill that may or may not be useful.
My concern is, FCC needs a lot of cold hard cash to achieve its stated ambitions. Load-bearing risk capital isn't cheap and will only become available when investors can see a clear way forward.
Overnight, FCC.V fell to $C0.27 -5.2% as people did the sums on the magnitude of the capital task ahead. I expect this to be replicated in FCC.ASX CDI's.
Ash
FCC Price at posting:
31.5¢ Sentiment: None Disclosure: Held
