Ann: Investor Presentation June 2018, page-15

Musk's attempts to talk down the price of cobalt will only last for so long - practical reality is that cobalt is in high demand and short supply.

There's also a considerably longer R&D period for cobalt free batteries than Musk cares to elaborate on his Twitter account.

Good luck convincing liability insurers to insure mass implementation of a new type of battery in the click of your fingers.

The world needs cobalt and will do for the foreseeable future. MEI is on the hunt for high grade resources that will be exceptionally profitable.