forget the cobalt man. It's at least 50m deep and not worthy of much regard even if it was at surface. Unless they can get 35%+ in CuEq it's not really much of a saleable concentrate anyway. Doubtless that the amount of SI/Al leftover within the concentrate would make it near worthless to a majority of smelters anyway, even if they were next door and were getting it for free. For TMT? It would end up costing the company more than they'd earn, once you factor in setting up a supply/logistics chain, adding extra plant to the circuit (concentrating circuit, storage facility, loaders, a radial stacker), as well as all the extra marketing and paperwork they'd need to do to find a smelter who would even want such a low grade concentrate, and then paying the smelter royalties on top of all of this. And this is all just EBITDA. Add in tax, stuff breaking, extra employees to run the circuit, cobalt/nickel price going ass over tit (probably will happen once 2020 is here). Starts looking like a very silly old plan. Literally just distractions at this stage. Find a real copper-cobalt-nickel deposit at Gabanintha, or just mine the Vanadium/Ti/Fe as planned. It's what the PFS was supposed to cover lol. TMT, keep doing your thing. Mention anomalous cobalt being a viable economic resource, and I will start questioning the companies true focus, like I did with the other. IP, if you're reading this, keep doing the good thing you're doing.
TMT Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
