Actually, that's completely incorrect, please read the details below in your own time please. The LME is priced as cobalt metal which is very different to sulphate pricing. If you think sulphate pricing at 20% concentrate sells for the same as 100% metal you are very misguided. Funds have been stockpiling the metal itself. https://www.google.com.au/amp/s/amp.ft.com/content/4f88cb60-f8f7-11e6-bd4e-68d53499ed71
Reply from Dr Matthew Painter re the PFS, page-20
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $79.87M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 40.0¢ | $2.245K | 5.506K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 4175 | 1 |
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| Last trade - 14.37pm 03/10/2024 (20 minute delay) ? |
| ARL (ASX) Chart |