Why Cobalt Blue is different/better than other ASX cobalt companies, page-2

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bluesamurai

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26/02/17

12:34

Post #: 22911764
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Originally posted by fredoldtimer ↑

As a retired engineer , I have been studying these new ASX Lithium and cobalt Companies. Cobalt Blue is the best of pack as
1. It is a pure play ( less than 2% of world's cobalt Co's are pureplay)
2. They don't need to extract with acids & therefore simple crushing and floatimh[g on site i n Broken Hill to make concentrate
3. They have cheap power and water and labour as they are 20km out of Broken Hill. PLUS railway to Port Pirre runs through their mine site
4. They have JORC 36 million tonnes of ore which translates to 36,000 tonnes of concentrate-Thye are aiming to triple the size in next few months - they just float and load concertaed ore onto a train and send to Port and then send to China - They will earn 36,000 x $AU 60,000 = $2.1 Billion and their costs of crushing and transport will be a fraction of that , so very low cost producer.
5. All other ASX Cobalt Companies will spend a lot with building transport, diesel generators and fly-in/ fly-out labour and then they need to use "nasty acid methods" to extract - very complex
6 Cobalt Blue is clear winner

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Thanks Fred,

Your recent posts have been very informative. The story of Thackaringa is beginning to be told. Your factional account helps to focus on the unique nature of this resource.

COB Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Why Cobalt Blue is different/better than other ASX cobalt companies, page-2

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Why Cobalt Blue is different/better than other ASX cobalt companies, page-2

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