WAITING ON the offtake pricing terms ...IMO that 250m MCAP could be just scratching the surface...IMO future announcements me thinks will be very interesting...too many nervous nellies about...and yes heart palpitations on open as this price could go anywhere...the market with provide guidance...the plant valuation, the 1% minimum of +600,000tpa(the numbers will be interesting), Europe off take, Europe funder etc etc...stamina required
Refer below the substantiation- ........watch for the burnout as the waiting is hard.....
Company announcement 13/02-
Several binding Ore Purchase Agreements executed for the supply of high-grade cobalt and copper ores to the Luapula Processing Facility ▪ Ore Purchase Agreements executed with seven established and Congolese owned mining operations with proven records of high-grade cobalt and copper ores deliveries to operating cobalt and copper processing plants located in the DRC Copperbelt ▪ Minimum contracted monthly ore deliveries to the Luapula Processing Facility of 53,000 tonnes per month, at minimum acid soluble cobalt grades of 1% and minimum acid soluble copper grades of 2.5%
Monthly 53,000 per month above from announcement equates to yearly large
636,000tpa ore tonnage.....that "2.544 times the original plant capacity of 250,000tpa"......that's saying something about the potential REVENUES which will be included in the PROSPECTUS as they must be with any change in business nature as part of relisting.....all will be understood on the enormity of this packaged deal"
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held