Great post Solar - totally agree. And now after a few days of...

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davybabyk

2,929 Posts.

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23/03/17

13:58

Post #: 23574759
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Originally posted by Solarbat ↑

Absolutely: a very news-worthy re-launch of Mt Thirsty as the most cost effective new pure-cobalt mine in Australia with (we hope) Mark Creasy onboard. There will be a lot of discussions going on behind closed doors and information has a way of getting out.

Fundaments are only getting better and better with the news from recent releases (esp the low CAPEX extraction processes looking to be working well), and bigger investors have been using bot action for the last few weeks to drive down the SP so they can buy-up cheap.

We just have to remember that, as evidenced by various cobalt stock comparison tables going around, the majority of the market does not yet understand Mt Thirsty's unique low CAPEX advantage because the JV hasn't promoted it yet (current website is a token place-holder). This is because they don't actually want any placements yet. They want to re-launch the project with a new structure JV including Creasy's resource, and with new increased production estimations for the first few years based upon the scoping study currently underway. Once they publish this, confirm they can do the low CAPEX plan, and show in detail how much cobalt/nickel/manganese they'll be able to produce in the first few years and at what price the whole project becomes a LOT, LOT more valuable.

BAR had a surge of traders last month - people who probably didn't even bother to understand the projects, just jumped-in on price momentum then sold up when the momentum changed. Hopefully those of us left are a little more patient

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Great post Solar - totally agree.

And now after a few days of rest, the Cobalt Price surges again. The latest price on the LME..... $54,250 USD per tonne! That's $24.61 USD per pound on my maths.

Wow.....

Dave

BAR Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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Great post Solar - totally agree. And now after a few days of...

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