Market Cap and Volume

Hi All,

Im thinking the investing community feels like COB at 100 million market cap is what its worth right now. Seems like its settled around this mark.

Volumes are low which tells me major news is required for a higher valuation. Observing the movements of other stocks, it seems to me the biggest catalyst is funding arrangements for a project mine build. This news will happen next year. COB needs to tick some boxes first for this.

Off take agreements would help propel the valuation along with higher Cobalt price for this year. Pilot plant, samples, demonstration plant will be great for progress but im not sure on the impact it will have on SP.

Also, i believe there are retail investors out there that don't understand or have not done the research on the use of cobalt in batteries. The comments by Elon Musk at battery day would have scared investors away. Also, The Cobalt free batteries (LFP) are only for the short range cheap end of town. They are not a direct threat to cobalt containing batteries.

I think a capital raise is coming up shortly. Instead, im hoping its an off take/financing deal to take COB through Demo plant and to project ready status next year.

Just some thoughts.