The Cobalt stocks that are running crazy have less than 1,000g/t. This is double and considering it’s at surface i believe is what’s getting the market excited. Cobalt leaches up not down. If there is 2,000 on the surface then it must be super high under where they are drilling. At $87,000 a tonne and looking like $100,000 a tonne helps.
Also around 2008 cobalt was trading at $US55lb ($US121,000) ($A160,000) tonne before the DRC flooded the market and there was no electric cars. So now the DRC are not mining much Co and demand from Electric car makers is looking like getting back to $A160,000 a tonne is the forecast. No cobalt, no battery.
Also looking at there gold and copper results, over 1oz per tonne gold and over 30% copper. These are bargain basement prices at .10c
AMG Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
