Cobalt price, page-91

A good bounce back today - back up to 90K per tonne, only 5K off its high of 95K.

Everything has gone quiet on CFE front. To summarise the situation while we wait on the quarterly at the end of this month.
- We have a lot of Cobalt in the tailings damn - Kipushi quantities that look amazing.
- A theoretical leaching process that can achieve high 85+% extraction.
- A facility that needs upgrades and I assume money to get up to spec.
- Needs upgrade, 12 weeks to find out - est early June.
- Interest from Metal Brokers on an off take agreement.
- FEL holding looking un-interesting with minimal quantities of Cobalt.
- Try luck and drill but not worth focus on.
- Kitwe tailing damn in Zambia (from Google maps) looks a similar size to Kipushi damn.
- No information on this area has been provided to date.
- untrained eye - looks to be made up of different stuff.

What can we expect?
- Nothing from Kasombo this year.
- More drilling is needed and they are going out to tender for it.
- Speed of previous attempts puts results back to October/November at the earliest.
- It is shot in the dark, first attempt was non-production quality. (Exciting potential were TS words)
- Off-take agreement, supposedly anytime now. Been hearing that for a while, we will see.
- No drilling results expected anytime soon - although 1/4 report due end of month might clarify that.
- No boost on anything here.
- Capital raising will be required in June/July if no other source of funding is found (Offtake funding)

Market fish are not biting on any of this bait. When some deals are struck this one has such a wide market potential based on this. (10c - $1.50 - yes I believe it is possible if managed right under the right deals.)

Conveniently the shares on offer make share price value calculations easy in my head - I am taking it as market cap as roughly every 1M market cap = 0.1c. So $1B = $1.

Have a good week everyone.