1.MC is around $6M, 50 M shares in 10c plus options
2.cobalt price is $62k, which cost of extraction to product in Australia is around $38K to $43K.
3. 1200 ton of cobalt just worth $22.8M.
Imo, they are not seeking for cobalt anymore and recent ann shows that they shifted to copper instead of cobalt. so next pump will be base on copper not cobalt.
Imo. PAC will pump this to offload her CR shares before new CR. I think they should have $3M cash in their packet.
N27 Price at posting:
10.0¢ Sentiment: None Disclosure: Held