I was correcting the poster that used 12,000 tonnes and then...

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ozblue

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12/03/19

22:42

Post #: 37739077
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Originally posted by MyDisco2 ↑

@ozblue You are very quick to jump on people for wrong calculations but yours are incorrect as well . This has been discussed with you before but its 30-40% cobalt hydroxide - not cobalt metal. If you apply an LME discount to 30-40% cobalt hydroxides you'd be closer although just wait for the prospectus to get in and have a good sledge. I notice your recovery has crept up to 70% now from the 60% back a couple of months so does this mean your bullish now? lol

What we know is the plant can produce 12,000t annually of high grade copper and cobalt hydroxides - not 100% copper or 100% cobalt. Without any calculation I would guess it would be in line with the 4800t cobalt hydroxide as we have known as a figure for a long time which would leave about 7000t copper hydroxide. What's not to like if they pull that off? They managed to look in the ore agreements even though you still say you need to see it to believe it, and if they manage some offtakes at a premium to LME benchmark will that finally make you less of a doubter as you did mention something to the effect of "who would pay a premium to benchmark???"

Cheers,

Disco.

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I was correcting the poster that used 12,000 tonnes and then multiplied by $33,000 to obtain the $472m figure.
Those numbers were and are clearly wrong with the company only claiming 1% cobalt in the ore. Why have a go at my numbers and not the ones clearly wrong??

I'm talking total Cobalt metal to be clear.

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
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I was correcting the poster that used 12,000 tonnes and then...

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