my ammended CLA valuation, page-17

Thanks Thaiinvest- Thanks for confirming it coming from the other side (angle)- actually were both right I see what youre saying.

or hopefully, to put it in more simple terms: the same amount of cobalt (if its made into cobalt sulphide) nett sells for a 20-30% premium to normal cobalt nett. - This is because while you of course get a lot more Co sulphate hepahtdrate- (by adding water oxygen etc) it actually sells for less per ton - but as theres 5 X more off it the nett result is that by making the sulphide CLA can value add say 25% to their original Co product.

Plus they will have a product that is more directly in demand by the world and therfore which can also command much better payability (less discount) if its sold FOB or right there on Walvis bay quayside. -thats worth another 10% or so to the company.

Plus It would also please the Namib govt who is pushing for (and giving tax benefits for) more value added stuff to go on in country.