Brand new holder of N 27 but having followed it for months. Adding it to my portfolio of Cobalts companies. Very few comments on HC about N 27: Understand it is newly listed but in my opinion there isa need to summarise what is happening to this company and highlight its key points/strength twice a month for potential investors. Not everyone has the time to read all announcements.
Is there any LT holder since IPO time here on HC ? Username ( hum I recognise you from OGX !), Mammoth21 ?
What compelled me to buy N 27:
-Really high grade Cobalt for Australia
-Cobalt is the main metal and Sulphide type
-JORC 2012 (small as this early stage but mineralisation open to Nwest and S-SEast)
- Good Mgmt (Chairman ex BHP Marcketing director, MD 20 y experience in mineral exploration.)
-Mineralisation from Surface to 90m + Flat lying sediment hosted mineralisation =Open pit operations reducing CAPEX and Opex.
-Feb. Acquisition of Aruntha Lithium Tenements: Lithium (Pegmatite) + Rare Earth (7% LA- 12%CE in roch chip) & Cobalt, East of Alice Springs, around 400km2 = Cobalt + Lithium + Rare Earth !!
-Purchase of pXRF for coming exploration season: this is an amazing piece of equipment ( from fellow australian IMDEX) as it give results in realtime. Imagine the time( = money) saved.
-Tightly held , 40 M shares
and more
Investors should have a look at a write up by Far East Capital on Nov 4th 2017 ( in a nutshell it mentions that previous owner CRA calculated 4-5Million Tons at 0.3% Co. Can't be used officially by N 27 bcose no JORC) .
A lot is about to happen to this company very soon which should be a catalyst for a higher SP:
Mammoth 21 sums it well :
WOLLOGORANG PROJECT
-New resource calculation • Due to be completed late March 2018 based on Co prices less than 50% the current spot prices.
-Diamond Core Assay • Due to be received late March 2018
-Metallurgical Test Work • Due to be completed mid June 2018 •
-Scoping Study • Due to be received late June 2018 •
-New Exploration Method: • Use Toyota air core rig for initial shallow drill testing to 40m Get results immediately with pXRF •
- Define extent of new mineralisation with Aim to commence mid April, weather permitting.
Feel free to amend/correct and repost. This is a "team effort" to help/inform new or potential investors in N 27.
Northern Cobalt is going to have a very busy year.
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Brand new holder of N 27 but having followed it for months....
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Last
8.1¢ |
Change
-0.001(1.22%) |
Mkt cap ! $54.09M |
Open | High | Low | Value | Volume |
8.0¢ | 8.7¢ | 7.7¢ | $1.912M | 23.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 157500 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 85688 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 112596 | 0.079 |
3 | 212000 | 0.078 |
4 | 148002 | 0.077 |
6 | 212644 | 0.076 |
8 | 375665 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 210000 | 1 |
0.083 | 519552 | 2 |
0.084 | 140000 | 2 |
0.085 | 423291 | 5 |
0.086 | 843054 | 6 |
Last trade - 16.15pm 25/07/2025 (20 minute delay) ? |
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