You said that you read Ben's email and the presentation; but I think you don't read of some words below:
"At least"; "average".
And you don't understand how "Cobalt" different from "Cobalt Sulphate" and why Cobalt sulphate has 20% of Cobalt?
I suggest you print out hard copy for the presentation and Ben's reply; then highlight some words in the quote above.
Read the presentation and the reply 4-5 times or read as much as you can until you understand them, so you will get your answer.
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