And at some stage a lot of companies had the same issue.But I see your point, if people are needing a Disallowed to break even it's going to take some serious factors on top of finding some Cobalt to do that.
As cobalt pricing recovers however this will start to become less of a pipe dream. Not saying it will ever see the giddy heights ($40-45USD a pound) of last year but $25-$30USD pound starts to get the market moving. If local drillers are finding things and MEI actually finds some Cobalt this will get us to a more respecable level for the average downs.
But they got to actually find something in the ground first
And at some stage a lot of companies had the same issue.But I...
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14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $288.5M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 13.8¢ | $184.0K | 1.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 608198 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 1195657 | 10 |
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| MEI (ASX) Chart |