Help With Valuation Exercise on COB, page-2

I think some of your numbers are a bit skewed. The current market cap of COB around $65M, which is equivalent to $51M USD. This makes the current market cap equal to around 1.25% of the spot price: on the lower end of your preferred buying spectrum. Low CAPEX and low OPEX are likely due to the simple and high recovery processing because of the sulphide nature of the deposit. Path to production is underway with samples being made available, final prove-up of known resource, and likely expansion to larger resource in the future. Now might be a good time to buy as the price will likely only go in one direction with pending constant news flow and increasing demand/price of cobalt.