Back again. Now for cobalt. This would/will be a Wingellina...

Back again. Now for cobalt. This would/will be a Wingellina byproduct at about 2,500tpa This is the equivalent of 4% of current world production. Its price has been screaming up because it is used in NiCad batteries, such as in laptops etc. the batteries in the Prius use 2.5lb. These new semi electric cars are taking off and a lot will be needed. Multiply a couple of million (conservative-these babies are selling) of these vehiles including the new Volt etc from the USA, and we are looking at mega demand. Very hard to find and produce. So is it going higher? I'd think so. Could easily be worth us$250million pa at $100 lb. It is $110,000 per ton now, without the major new demand for the car mega betteries.
This mine producing $1billion to $1.5bn annuals sales from Wingellina plus a hundred million or three from continuing tin- and its capitalised at what? 1.1bn shares at 30c? $330 million? The plant is expected to cost $1.7 billion, but a lot of this could be borrowed and the payments funded from the cashflow from the Tasmanian tin till it gets rolling. How many new miners have cashflow like this to kick off a big mine. This is a company whose prime products are essential and scarce inputs for the electronics industry. Is that growing? How much is recycled? Not a lot. V expensive to do. The more research I do on this company, the more amazed I become at its potential, and I have been professional market and business analyst in the public and private sectors.
No doubt there will be some dilution for the funding of Wingellina. There is room.
Yes the ore is limomite, but 40% of world nickel comes from limonite now, and growing. It wont have the dramas Murrin Murrin had as the acid used will be far less due to the much lower manganese content at Wingellina. They will need 300,000 tons of sulphuric acid a year, does anyone know how much of that is water and how much sulphur? Sulphur is now $275 a ton. Commonly got from oil refineries. By produce of refining high sulphur crudes as well as from rock sulphur. The acid is then neutralised with limestone. They will need quite a lot of water, probably artesian. This is in the Simpson desert.