FCC 9.38% 14.5¢ first cobalt corp.

On the announcement it says the refinery has a near term...

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  1. 2,015 Posts.
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    On the announcement it says the refinery has a near term capacity to produce 2000 ton of cobalt product per year.  That's $66M of cobalt at today's price. If correct that the raw material costs half that to buy as a concentrate (for the same contained cobalt) and the refining process doubles the value of the contained cobalt as a finished product, this would represent a potential profit of $33M per year at today's depressed prices minus refining costs by my calculation. Does any one have a better insight into these assumptions or any idea how much refining costs might approximately come to? 
 
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