Indeed 20 million cash, dumps of 1-3% cobalt with a mine that produced 430,000t of ore. Plus possible narrow veins with 0.1-0.3% cobalt. This is why the economics here are so good. Come on guys where in the planet is there no further mineralisation next to a huge mine. Look at Katanga that whole area is filled with smaller but profitable cobalt copper mines. Plus EUC gets copper credits rather than worthless Nickle. It’s not like we don’t have a resource even with the dumps alone and my expected price of cobalt of $120,000 USD we are undervalued now. Do the math dumps of 0.5% x 430000t (40% recoverable) x $120000 USD
Why the drop, page-64
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