There is much much more than 100Mt of 10% cobalt in Broken Hill and the geo I know of some repute says they never really went exploring all of Broken Hill for Cobalt bc it was not valued.......and so mgt are confident of 100mt, and those high grades and we might overtake CLQ.
To me..... ARL is like FMG 1/2 the Cobalt grade but triple the resource means 100mt is about the same and we are undervalued v ARL, and CLQ.
CLQ has about the same size and grade as Cobalt Blue but with our EVat $10m and theirs at $400m.....soon the market will wake up to us.
We have smart boys, awesome tenements, proven JORC and amazing location, and the financial markets will adore Cobalt in Broken Hill at US$30 whilst Congo is becoming a joke as a new dictator is formed and the country descends to civil war....again. Can you imagine the same in Saudi Arabia and its effect on oil. If they cant "afford" an election, Congo goes back to the land locked basket case it always was and Glencore were ahead of the game in cornering Cobalt. Congo is ugly. Forget its former investable rating, that has changed this year and its closer to 200th most investable.
We are a going to have a very big day soon. If WMN can we sure tf can.
100mt + of high grade Cobalt in Broken Hill at US22-30lb. I like it baby.
GG
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There is much much more than 100Mt of 10% cobalt in Broken Hill...
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