Cobalt -COB-ARL- HUGE demand 2020+

[JBmurc]

Cobalt Blue Holdings Ltd (NASDAQ:COB) (spun out from Broken Hill Prospecting (NYSE:BPL)) - Price at IPO = AUD 0.20
Cobalt Blue is not yet trading, but should IPO soon with 50m shares at AUD 0.20, raising AUD 10m. The 100% owned Thackaringa cobalt-pyrite project has an inferred resource of 35.7 million tonnes grading 0.084% cobalt (for 30,000 tonnes of contained cobalt). The resource is a shallow deposit continuing at depth, suitable for an open cut mine. The company refers to it as "one of the world's largest undeveloped cobalt resources."

BPL shareholders will receive in-specie distribution of BPL's Cobalt Blue shares (each 4.1682 BPL shares held at the record date receive one COB Share), including loyalty options and priority entitlement in an IPO. Cobalt Blue will buy into the Thackaringa project on a performance based structure. If the maximum of $10 million is raised, the undiluted market capitalisation of Cobalt Blue will be AU$19 million post offer.

Cobalt Blue is targeting a resource of 100 million tonnes at 0.084% cobalt for 84,000 tonnes of contained cobalt. That will support a 20 year operation at 4,000 tonnes pa, and make Cobalt Blue a top five global producer. Definitely one to watch closely......

8546

[JBmurc]

by Angela Macdonald-Smith
A world away from the scandal-hit mining industry of the Democratic Republic of Congo stands the Thackaringa project in NSW's mining heartland of Broken Hill, said to host one of the world's largest undeveloped cobalt reserves.

The directors of project developer Cobalt Blue Holdings are positioning their new mining play as an answer to the "conflict metals" problem plaguing the DRC's mining industry which is causing tech giants such as Apple and Samsung Electronics to seek out alternative supplies of a raw material that is essential for smartphones and batteries.

It is not just the damning reports about child labour and unsafe conditions in the cobalt mines of the DRC, supplier of about 60 per cent of global cobalt demand, that are playing in favour of Australia's new breed of aspiring players.

"The larger companies will look to ethically source their cobalt," says Joe Kaderavek, chief executive of Cobalt Blue and a former Deutsche Bank head of resources.


"We could well find the supply/demand tensions could get worse," he said of the market already growing at about 8 per cent a year.


In a sector where 98 per cent of cobalt is co-produced with nickel and copper, Cobalt Blue counts itself among the rare breed of pure-play companies, which are potentially attractive for investors looking to tap into the hot commodities with leverage to the expected boom in electric vehicles. Cobalt is an essential ingredient of lithium-ion batteries and of superalloys that are increasingly used in aircraft.

Early stage
A spin-off from Broken Hill Prospecting that is understood to have raised its IPO maximum of $10 million, Cobalt Blue is due to start trading on the ASX on January 31 following a delay after the ASX demanded an upgraded resource assessment. That has been provided in a replacement prospectus lodged with the Australian Securities and Investments Commission. The shares were sold at 20¢ apiece.

The Thackaringa project hosts an inferred resource of 33.1 million tonnes at 833 parts per million of cobalt, and an exploration target of 40 million-66 million tonnes at 600-900 ppm. Its location on the outskirts of Broken Hill ensures access to skilled mine workers, electricity and water supplies and close access to a railway that would take product 400km to Port Pirie in South Australia for eventual export.


The venture is, however, at an early stage, with management aiming to have a bankable feasibility study for the project and all approvals in place by July 2019. Two years of engineering, development and construction would follow.

Chairman Rob Biancardi has carefully been forging relations with potential end customers, including Tesla, which hosted the launch of Cobalt Blue's IPO at its sleek showroom in Sydney's Martin Place.

The IPO also has received an unusual endorsement from NSW mining minister Anthony Roberts and has been strongly endorsed by local government and the state opposition, noted Mr Biancardi, who has held senior roles at IBM, Citibank and Westpac and has board experience in the healthcare and services sector.

Just under 10 per cent of Cobalt Blue will be owned by Geoff Hill, who owns 35 per cent of Broken Hill Prospecting, while the offer has also attracted plenty of retail interest as well as from social and ethical investment funds, Mr Biancardi said.

Read more: http://www.afr.com/business/mining/...on-battery-boom-20161221-gtfvh2#ixzz4Uf1L0jd1

[Fisherking]

I took a read of the prospectus which looks impressive however can't see a simple way to purchase these from NZ. Is it possible to purchase pre-listing?

[Aotea]

hi,
just curious, is this project the original spinoff from heritage gold?

[JBmurc]

not sure I'm just going to wait to it's trading in a few more weeks ...

disc -aotea when you dropping in to pisa ?

[Aotea]

not sure I'm just going to wait to it's trading in a few more weeks ...

disc -aotea when you dropping in to pisa ?

am planning on passing by around 5am soon on way to coast, and/or got a trip to nevis valley preparing drilling pads..either way could be early an in the near future.if you see my mining partner aaron matheson at 37missy do say gidday and introduce yourself. the wild turkey101 is here with your name on it mate...

[JBmurc]

am planning on passing by around 5am soon on way to coast, and/or got a trip to nevis valley preparing drilling pads..either way could be early an in the near future.if you see my mining partner aaron matheson at 37missy do say gidday and introduce yourself. the wild turkey101 is here with your name on it mate...

very good am heading away on friday for some time catching Crayfish ...you have my address can always leave it in the mailbox ...

[JBmurc]

Cobalt Blue (COB) Update – Listing 31/1/17
COB is scheduled to list on 31 January, following a successful $10m IPO. This promises to be a good vehicle for cobalt exposure with the consensus being that cobalt will be one of the more exciting commodities to play in 2017, due to shortages of the metals and potential conflict in the DRC, which contributes 50% of the world supply.

There are a number of cobalt plays coming to surface on the ASX, but very few have JORC resources. Most of them only have sniffs, and sometimes good samples from selective rock chips. There is even one out there that is being promoted on the back of good drill intercepts, but the cobalt grades actually came from the blade used to cut the core, not from the geology. You’d be excused for calling it a fraud.

COB stands out because it does have a JORC resource of 35 Mt, in the safe jurisdiction of NSW (near Broken Hill).

Like virtually all cobalt projects, the cobalt is found with other elements so that the economics depends on not just cobalt alone. Here it is found in association with pyrite, so the co-product is sulphur or sulphuric acid. COB’s earn-in deal commits it to spending real money expanding the resource and completing economic studies. Thus it plans to deliver and not just promote. It will be one of the more tangible cobalt specialist.

http://www.weare121.com/blog/a-clear-buy-signal-on-the-charts-fgr-deals-on-supercapacity-battery/

[Joshuatree]

Thanks JB; did you get any in the IPO?.Will watch.Am in another cobalt play but unable to share atp. But its a high risk sniffer for sure.

[JBmurc]

No been far to busy of late ,,,,but I do have a few extra funds to invest ....will see how it opens and runs ...may take a small spec purchase or not .....confident in my current holdings so might well add a few more

[Joshuatree]

RIR is the punt I'm in but trading out shortly is the plan.

[JBmurc]

Anyone that got some on the IPO would have been smart to have sold on open 26c+ has down trended since could well head below 20c ....is certainly on the shopping list ....would be brilliant to get for 18-19c etc

[cammo]

Probably not worth buying any until 2018 end . If it's like most mining it'll dribble up and down for 2 years + maybe a cap raise before production.

[JBmurc]

Probably not worth buying any until 2018 end . If it's like most mining it'll dribble up and down for 2 years + maybe a cap raise before production.

wish I went with my gut on this one trading up at 28.5c easy trading profit when it was only trading in the high teens days ago arrghhhh ....

[Joshuatree]

Cobalt is HOT atm.​ Sold RIR for 50% gain because of the excitement out there.

[cammo]

Reserve negative judgement for few months ... Because if you were in it you would be sitting in there wondering if you needed to get out before it drops back to the teens...And if you didn't .... Gut or brain ...Either way it seems it always you pick wrong don't it ???

[JBmurc]

Reserve negative judgement for few months ... Because if you were in it you would be sitting in there wondering if you needed to get out before it drops back to the teens...And if you didn't .... Gut or brain ...Either way it seems it always you pick wrong don't it ???

Maybe ..most likely I would have sold some today had I purchased when I have some spare funds recently which instead went into ATC >>

[JBmurc]

big pullback of late 17c close ....looking forward to the Scoping Study >> will be keeping on watchlist see how this bear trend runs

[cammo]

As I said. All these miners do this. Just got to pick your entry right, preferably as close to bulk sampling or after the cap raise to start production

[JBmurc]

As I said. All these miners do this. Just got to pick your entry right, preferably as close to bulk sampling or after the cap raise to start production

Yes of course not a BUY and Hold but a ST Trade on the back of the bullish sentiment towards cobalt... which we seen the SP near on double ...now of course the SP coming back to more reality levels of where COB is at in it's profile ...IMHO could be another spec trade profit on scoping study outcome ...I personal don't see the SP continue to crash from here but at worst flatlining in the mid to high teens...

time will only tell if I'm right and see another spike on SS

[digger]

Yes of course not a BUY and Hold but a ST Trade on the back of the bullish sentiment towards cobalt... which we seen the SP near on double ...now of course the SP coming back to more reality levels of where COB is at in it's profile ...IMHO could be another spec trade profit on scoping study outcome ...I personal don't see the SP continue to crash from here but at worst flatlining in the mid to high teens...

time will only tell if I'm right and see another spike on SS

Thanks for all comments and opinions. I currently have no holding but am interestingly watching.
Have a small holding in latin resources [LRS] and watching it very closely to buy more.

[JBmurc]

Yes have got a small spec BUY order in place

[JBmurc]

On board @ 17.5c .... bring on the scoping study end of the month .... looking for a swing trade here

[JBmurc]

Come on buyers take those 19c on offer and give me a $710 3 day profit>>>

[JBmurc]

Pulled the sell @ 19c ....I have a feeling this scoping study will spike the SP back into the 20's how far will depend on the outcome and market sentiment for cobalt (which staying very Bullish)

[JBmurc]

Selling two positions COB-ABX to get into ARL which l come across late last night ....Is looking huge and will have to pay overs to get a decent position but the numbers are just crazy when you add in the HUGE Cobalt demand going forward ....

[JBmurc]

This super-metal is the hottest commodity on the market right now—and it's NOT lithium.

Instead...

It's a metal that early investors are eyeing as a massive opportunity.

Supply is already in deficit – and that's before the anticipated 500 percent increase in demand.

http://www.baystreet.ca/articles.aspx?id=37893


89898988

[shasta]

ARV and HMX have cobalt projects, worth a look. Both looking to fast track into production and ARV owns a processing plant.

[JBmurc]

Glad I didn't chase ARL now trading back 66c



8995

[JBmurc]

https://www.cobaltblueholdings.com/wp-content/uploads/2017/07/Cobalt-Blue_MJ140717.pdf

[JBmurc]

What a HUGE year for COB - 209% ARL - 641%(did touch 1000% early last month)

Stupid me not buying on trend with ARL thinking it would pull-back>>

COB was onboard but just didn't think the grades were that amazing at the time and ended up taking early profits ....

[meltical]

What a HUGE year for COB - 209% ARL - 641%(did touch 1000% early last month)

Stupid me not buying on trend with ARL thinking it would pull-back>>

COB was onboard but just didn't think the grades were that amazing at the time and ended up taking early profits ....


I was concerned about the grades too and considered taking profit also, but since they have out lined how they can achieve high quality sulphides with their gravity separation I have stayed in for the mean time. The sulphide deposit is cheaper to process therefore lower capex, I think this also has some upside, compared to other mines with laterite deposits

[JBmurc]

I was concerned about the grades too and considered taking profit also, but since they have out lined how they can achieve high-quality sulphides with their gravity separation I have stayed in for the mean time. The sulphide deposit is cheaper to process therefore lower capex, I think this also has some upside, compared to other mines with laterite deposits

Yeah was always Bullish Cobalt 2016-17 etc was always planning to Buy into ARL but every chance the offer seemed to run away and I stupidly didn't have the patience ...I think your right and both have more upside to come ..but I think what I'm holding should do even better in 2018

[Ggcc]

Joe Kaderavek: Yes, Blue Oceans Equities, an institutionally focussed broking house, has drafted an initial projectevaluation.
Their view is that the Thackaringa Project displays solid economics and longevity. Our ability to significantly enhancethe head grade, deporting only 20% of mass to our refinery is a key catalyst.
Their research piece is available on the Cobalt Blue website ACCESS REPORT HERE.
Our processing, which is focussed upon production of elemental sulphur (not sulphuric acid) and our simple leaching(compare to a larger and more expensive High Pressure Acid Leach vessel used to process laterites) are also key





positives.
They believe, based on current market prices, the company could be worth A$1.2 billion.
That’s a long way above our current A$40 million market capitalisation.








I like their possible valuation of $1.2 Billion. Glad I bought in

[Ggcc]

COB Trading halt and since my last post the company has more than doubled in value

[meltical]

COB Trading halt and since my last post the company has more than doubled in value

Yes, glad I held onto mine. Hopefully a good resource upgrade to push share price higher, but I suspect it may be slightly factored in with the price action before the halt

[Ggcc]

Yes, glad I held onto mine. Hopefully a good resource upgrade to push share price higher, but I suspect it may be slightly factored in with the price action before the halt
I have held onto mine as well, although I did see that this share has a forward value of over $3 by 2021, dependent on the market price of cobalt mineral itself. I heard the CEO quoted the potential of this company being valued at 1 Billion at full mining capability. I will put these shares of mine in the bottom draw.

[meltical]

I have held onto mine as well, although I did see that this share has a forward value of over $3 by 2021, dependent on the market price of cobalt mineral itself. I heard the CEO quoted the potential of this company being valued at 1 Billion at full mining capability. I will put these shares of mine in the bottom draw.

Thats music to my ears, it definitely has a bright future

[JBmurc]

Great work guys yet another one I let get away ...

[Ggcc]

Nice little 11% rise to the days news....... so far

[Ggcc]

Wow just wow

[JBmurc]

Wow just wow

Would have been a 1000% return crossed had I held onto my COB shares ;(

[Ggcc]

Would have been a 1000% return crossed had I held onto my COB shares ;(
177% up for me. You can’t win them all. A friend of mine sold his shares in a2 milk for about 20cents from memory. He bought them for 2 cents so he was happy, but he owned 2 million of them.......

[meltical]

Wow just wow

This just keeps getting better by the day

[meltical]

I see VW has selected LG chem to supply them with batteries, no doubt using COB cobalt :):t_up:

http://www.theinvestor.co.kr/view.php?ud=20180321000296

[Ggcc]

I see VW has selected LG chem to supply them with batteries, no doubt using COB cobalt :):t_up:

http://www.theinvestor.co.kr/view.php?ud=20180321000296

Yeah really great news and another foot step into the right direction. If all the pieces of the puzzle come together this share will be deemed very cheap right now.

[silu]

I'm waiting patiently on the drilling results for cobalt by Talga Resources (TLG).

discl. hold

[Aotea]

I'm waiting patiently on the drilling results for cobalt by Talga Resources (TLG).

discl. hold

Same here...Talga have been a quiet achiever lately. Loving their work and just another company toiling away adding to the overall portfolio wealth.
I see big things for these guys over the next 12-18 months.

[Kay]

Any thoughts on CLA (Celsius)?

I have largely gone in blind on these (although going in blind worked out quite well for bpl!)

Market seems quite excitable at the moment waiting for the impending JORC results.

[Ggcc]

Any thoughts on CLA (Celsius)?

I have largely gone in blind on these (although going in blind worked out quite well for bpl!)

Market seems quite excitable at the moment waiting for the impending JORC results.

Currently on a trading halt.. Hope their results are good!! If so you will see a 30-75% growth in SP within the next few months.

[Kay]

Jorc result in... Looks like it could be a winner

[Ggcc]

Well done to you!!!!!!