News: Valuation update: cobalt credit, page-2

With 30,000T in the indicated, saying 500t/yr is saying this is a 60yr mine life. Once underproduction out there, plus cash flow, the economics will fairly quickly go towards larger production facilities.

Current market $55k/t, personally I think we would get at least 75% in today's market. However recover is possibly more important, but seems to be going up with further mets testing to around 70%.

Guess of 50% is fairly close taking those numbers into calculation.

$US55,000 X 250 = $US13.75m = $A 18.33m/yr. Great start, wait for 10-15mt/a plant in a few years, using pretty much free energy, and Cobalt by itself will pay a lot of the costs.

Unless they invent better Li-on batteries, without Cobalt, Cobalt is definitely going higher from here.