Korea's Battery threat, page-2

Over the past few months we have witnessed the emergence of streaming arrangements regarding Cobalt, showing the desire of players to secure future supply. This turn of event bodes well for COB’s future.
1) Ramu Streaming Deal in PNG on May 22 2018 : Cobalt 27 finalized the world's first cobalt-nickel streaming finance deal . $113 Million cash upfront for roughly 200 ton/ y of Cobalt and 1000 tons of Nickel/ y starting in 2018.
2)Vale Voisey’s Bay Streaming Deal with Cobalt 27 and Wheaton Precious Metal on June 11:
Cobalt 27 deal involves a Cash Advance of US$ 300 Million in exchange for 33% of Cobalt production from Jan 2021. Once 10.8KT have been delivered then Cobalt 27 is entitled to 16.5% of Co production in subsequent years. This amounts to roughly 850 T/ y of Cobalt from 2021. Payt = 18% of Cobalt ref price then after advance is fully recovered price to be paid will be 22%.
Wheaton Precious Metals is advancing US$ 390M in exchange of 42% of Cobalt output under similar terms. = 1100 ton of Co/ year.

For COB if we take Capex of A$500M = US$ 370M and use the same deal terms as for Cobalt 27 / Wheaton with Vale this would amount roughly to 1050 ton/ year to be sold under a steaming deal . In this scenario COB would be debt free and could sell the balance of its Cobalt production = likely 3000 tons/ y at market rates to whoever they want. Food for thought.
Interestingly along with info about the Vale’s deal the article mentioned ' Wheaton still has "lots of firepower" for additional streaming transactions and expects to announce a precious metals deal of between $300-million and $500-million in the next few months.'
COB mgmt indicated that thanks to the delivery of PFS financing discussions of the Thackaringa project would be held. Let's wait and see.