"Ophara grades of Cobalt seem to be inferior (I heard the MD quote between 0.1 to 0.15% in a presentation that is on their website - these are below the levels of their neighbors if i understand correctly)"
econteacher - these grades are not inferior to their neighbours well so far anyway
Cob average is .06% from memory, seems to be a very well run company
Ayr historical drill results is around what you mentioned. If they can get some size here then that will be the kicker. Average Cobalt grade could drop here also if they bring up anything decent, cant just run off a few drill holes. Still early days.
The advantage is the ore type that these guys have (all the Broken Hill Cobalt companies), they are sulphides compared to a lot of Cobalt/Nickel laterite ore bodies that are popping up everywhere. Byproduct is also important eg Cob has Pyrite? as the byproduct whereas Ayr has gold (!!!) as a byproduct. Hope this helps
AYR Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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