My point pbm73.....was to highlight how sensitive the Sunrise financial outcome is to cobalt price. I made no comment on accuracy of long term cobalt demand and projected prices but it is interesting to note that 99.99% of PFS price projections always have commodity prices going from bottom left to top right. We all know, reality soon makes a mess of these projections. Furthermore, do not assume that because demand goes up, prices must automatically follow. The mining sector never seems to learn this lesson. They always make too much hay when the sun shines only for it to spoil later on when every man and his dog jumps on the band wagon. There's no evidence to suggest the battery commodity market will be immune from the same fate.
CLQ Price at posting:
41.0¢ Sentiment: None Disclosure: Not Held
