Hi. What you find is companies that have very large resources (nickel / copper and cobalt) but they’re low grade, they tend to highlight how cheap their company is when viewing certain financial metrics. Market cap + debt - cash = enterprise value or “EV”. So a favorite ratio is to show how low their EV is per ton of Nickel / Copper in the ground. Comparing this value between companies is meaningless if you can’t extract those tons at a profit.
What matters is the internal rate of return (“IRR”), net present value (“NPV”) and the location (infrastructure and ease of permitting etc) of a project. To be world class a project needs all of those things. Based on a front end processing technology of a simple crush, gravity separation and floatation, COB achieves a substantial ore grade improvement and therefore a high IRR etc. It is critical that the PFS validates the scalability of that technology to processing 5Mt of ore and reducing the back end throughput to 1Mtpa.
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Mkt cap ! $37.95M |
Open | High | Low | Value | Volume |
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1 | 75000 | 0.087 |
4 | 174764 | 0.086 |
4 | 95331 | 0.085 |
1 | 7024 | 0.084 |
Price($) | Vol. | No. |
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0.090 | 257040 | 1 |
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0.095 | 148126 | 3 |
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