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LBonge

301 Posts.

10/01/18

13:18

Post #: 30192233
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Originally posted by Kablooey ↑

A good find and thanks for sharing it.
Now- can those who keep thinking we only have $10billion worth of resources do some simple math?
To get you started, just do one calculation;
400,000 x 75,000 = ( I keep that 75,000 number in AU$ in my head to keep things on the conservative side ).

Now, come back and share what that figure, just the cobalt on it’s own, forgetting the scandium, nickel, zinc, crysophase and the others.

Primary school math teaches that 400 x 75 gives us 30 something- tilt your phone sideways to get all the zeroes as there 10 of them.

Then remind yourself- ‘that is just the cobalt!’

These deposits will see many of us all the way to retirement, if we wish to stay on board.

Once again I realise why I’ve stayed on board all year, regretting any large sale but always doing well over time with my second & third, much smaller, parcels which I trade sometimes week in week out to pay the bills.

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I think the largest appeal to me is that we are hedged on these metals against cobalt failing to capture the EV market beyond 5-10 years time.

ARL Price at posting: $1.66 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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