One thing for everyone to take into perspective regarding the 600,000tpa cobalt ore contracts,it should be clear that currently the plant can only handle 250,000tpa and at this stage the contracts are to make sure supply contract is more than required.
Jason clearly states in the latest Proactive Investor video " that these contracts will supply more than we require to operate that plant at capacity" (about 3mins in).
Dont get me wrong, a fantastic announcement and just confirms why so many are bullish as this stock seems to be a unique ride at this end of the market. Everyone can speculate on why the contracts are so much more than current capacity which I understand as possible expansions have been mentioned up to 1mtpa, just thought it prudent to make it clear that this 600,000tpa is by no way guaranteed to be used in production at this stage.
Cheers,
Disco.
WFE Price at posting:
2.4¢ Sentiment: None Disclosure: Held