@cfp ............" consider this we are getting our guaranteed minimum 1% grade cobalt and 2.5% copper delivered to our ROM pad"
Really?? Are you sure?? Just because a company has some contracts with a few $2 companies in the DRC does not guarantee anything.
This is another failure of holders to question the BOD deeply instead of just blindly accepting everything put in an announcement.
Who exactly are these company's and what is their track record??
What known legal resource do any of them mine??
How will they keep supplying WFE when the cobalt price is low?? If they are losing money by having to ...." dig 1.2 kilometres under ground to access a 16 metre vein", then why would they deliver anything to WFE??
What do WFE actually have after over 9 months in suspension??
Ans....
A 50% interest in a closed COPPER processing facility that was written down to $0.
A few contracts with some $2 companies in the DRC.
That's it!!
However the company will have a MCap of around $80m assuming they sell the $10m in shares via a prospectus, and give out all the freebies associated with the deal..
There are still...
No known metallurgical results/recovery of Cobalt percentages etc.
No known pricing for the ore...
No known offtake agreements, so no known payability percentage.
No known pricing for the plant's operation.
Apart from having the stock suspended for over 9 months, exactly what have 'the team' accomplished here?? They had the JV agreed to in July last year, what have they done since that you feel is so fantastic??
Lol.
