Denpal is doing good work even if the reporter is not from the mining industry. The comma in $13,20 is European for our dot (ie $13.20) an understandable mistake. The million tonnes dribble is a mis-read of what the "M" stands for on the BHP web site, which of course means Metric as in MT = Metric Tonnes. Sloppy work but doesn't change the fact that cobalt is selling for US$13/t, check out the BHP website: http://cobalt.bhpbilliton.com/
Even if Oxides could produce cobalt at nameplate, which is looking increasingly unlikey as time drags on, CMR is losing money hand over fist. Close down for Xmas break and doesn't start-up again is my guess. Looks like that elephant in the room just got up and trampled everyone...lol.
goodluck as always
CMR Price at posting:
22.0¢ Sentiment: None Disclosure: Not Held
