TMS

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1.4¢ tennant minerals limited

Barnsey, are you for real? Cobalt is valued at circa $80,000 a...

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ahjay

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01/03/18

20:40

Post #: 31463719
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Originally posted by Barnes208 ↑

now this may sound naive and ignorant but theres something bothering about these kind exploration projects.
how hard can it really be to pull cobalt ore out of the ground and start mining it? well it appears very hard because these blokes haven't done it yet. appears to me more and more money is being put into buying land nobody is even sure about instead of gathering machinery to start operations.
now i have this view because if 4 blokes in a opal mine in lightning ridge NSW can sink a 25 meter shaft to the opal bearing level and walk away millionaires when there not even a ASX listed company just a few prospectors (more or less like these blokes) then whats the excuse for this mob? and its not just that but you go about 700km east of Perth and start a claim you'll probably have more pay-dirt than this mob why is it so hard to start mining the ground...?

there should be a new rule on the ASX just for these types things
no listing a "resource" company unless
its proven there in full production at least 24/5 (24 hours five days a week)
there share price is over $1.50

thats what i think feel free to call me idiot its been said before but i dont know why its so hard being a ASX company.

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Barnsey, are you for real? Cobalt is valued at circa $80,000 a ton atm, don't you
wonder why it is so highly valued?...I'll give you a hint, it's rare and hard to find.
Just like opal, if every hole you dug you found Opal or Cobalt those commodities
would be worth 3/5ths of 5/8ths of buggerall....I can't believe your thinking...
Anyway, good luck..

BDI Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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