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And thats why the geo i asked states A*L is a dog.

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EstGreg

882 Posts.

20/02/17

10:28

Post #: 22742228
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Originally posted by africadale ↑

Thanks for your informative post and comparisons. In ground value (IGV) of course does not account for many factors such as the type of resource, ability to extract the minerals and recovery rates, mine CAPEX/OPEX and in general economics.

For example - one of the above has over USD100M spent already on an underground mine which was mothballed during the recent low Co prices. They have decided to invest another USD100M odd in a cobalt chemical processing facility to capture a higher end market. Then you have another play which has the best cobalt grades on the ASX by a country mile, but will likely go with a very low $20M CAPEX start up plant and capture only 50% of the Co - but use funds to reinvest in time for a leaching plant that costs an order of magnitude higher but captures 95% Co. Further, I don't see an IGV comparison that simple even for your CLQ, BAR, ARL plays.

IGV is great but is only a snippet of understanding each of the above.

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And thats why the geo i asked states A*L is a dog.

BAR Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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