Bear in mind, COB 859ppm Coeq, while OPUWO is 2070ppm Coeq. If stripe ratio, recovery rate, labor costs etc are the same, if COB C1 is US$9.34/lb, OPUWO C1 could be only at US$3.86/lb (9.34*859/2079).
Sulphide usually is a lot deeper, for COB it requires $23M for pre-strip. However Sulphide’s processing cost is much cheaper. Capex is only less than half for what Laterite required (usually > US $1BN).
Sulphide comes with acids, it only needs 10% of what Laterite needs for processing.
Cobalt is a strategic asset, Opuwo is the largest ethnic Cobalt mine.
Bear in mind, COB 859ppm Coeq, while OPUWO is 2070ppm Coeq. If...
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