The big run has started

We could see a nice break-out today as COB gets re-rated, the wider market will discover this gem soon especially with the rising Cobalt price.

All in production cost Cobalt $12/lb see the following snippet from the Chairman's letter to share holders.

Examining the macro, the cobalt market is tightening from its COVID driven 2020 lows. Cobalt sulphate pricing has improved from (cobalt equivalent) US$12/lb (April 2020) to over US$19/lb at time of drafting. Our corporate view is that the metal is well on track to retrace its long-term average price of US$25/lb in real terms. The BHCP, with an estimated ~US$12/lb (All In Sustaining Cost) which is in the lowest quartile of global production, makes a significant margin in such a normalised market environment.