In reality 35c needs to be put in perspective of market cap. It would, at Current dilution, take it over 1 billion. A more realistic goal in the mediumterm is 300 million mc if near term production at decent margins is achieved. Of course this would then bring into play offtake agreements and prepayments as basically jorc and feasibility would be accomplished. Hence the play would be to target advanced cobalt tenements and tailings. The key here is the processing plant.
The question is how the announcements are released. This is the key. The beauty is we have the right personnel to give this stock the momentum.
WFE Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held