The Cobalt Blue prospectus says:
Cobalt Blue Holdings Ltd is preparing for an initial public offering, allowing investors to gain exposure to one of the world’s largest undeveloped cobalt resources, the Thackaringa Cobalt Project, located near Broken Hill.
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Perhaps a little research into the largest un developed Cobalt / Nickel resource (as stated and described by Vale) which prior to GFC had spent approximately $32 million on proving up the resource of Cobalt and Nickel.
Ardea Resources will shortly list (January) as part of a large holding of tenements now in the hands of Ardea Resources which is a spin off from Heron Resources.
Searching www.heronresources.com.au and www.ardearesources.com.au can confirm this.
I am not attempting to cross promote but just simply letting those interested in Cobalt to know that elsewhere in Australia a far larger and more advanced resource exists.
I hold Heron and Ardea shares but with an interest in COB
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Good info about Cobalt blue holding and cobalt, page-2
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