Very prospective pure play thanks shasta. Has run up a hell of a lot in anticipation of aero magnetic survey and first drill in 2nd qtr... A lot of silver taken out by Teck; when cobalt was worth nothing as a byproduct!!.Download Document 1.82MB
If you're looking one of the cheapest in terms of market cap ($10 - 12 million) and with high grade of Cobalt based on historical data then check out CLA. While the rest run wild between $20- $50 million its worth checking out.
Lost a good chunk on ARV back in its Gold days ....
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Cobalt being sold for US$36.39 lb atm.Thats US$72,780.00 per American short ton or$US81,513.00 a tonne... Good sector to target atm.
What are your picks?
“If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.” ― Marcus Aurelius
MLX have a huge Ni/Co project with over 150kt Cobalt, estimated 4kt per annum when in production.
AUZ bought the MLM project containing decent sized cobalt resource, have other cobalt projects too
NMT have an interesting expected high margin project recycling cobalt from old batteries for reuse.
CZI - very undervalued company with massive Cu/Ni resource, which will include Cobalt + PGE by product credits
CLQ - large company now with Cobalt co-product, not by product, high value component
WSA - Ni focussed company already in production, with small cobalt by credits - i've included as Ni will play a crucial role in new battery technology, as containing more Nickel and graphite than cobalt and lithium in the batteries.
Disc; holding WSA and NMT as i believe these companies already in production, are well positioned to benefit from the new battery/ev car boom
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Originally Posted by Joshuatree
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