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12.0¢ cobalt one limited

looks good for a quick trade, clq clearly the best and the only...

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shimmer

13,575 Posts.

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07/12/16

13:23

Post #: 21166991
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Originally posted by MiningRocks1976 ↑

One way to get a quick view is work out the in-ground value of minerals.
Australian projects (CLQ, COB) are around 0.08-0.12% Co. (plus by-product credits)
Cobalt price (roughly) is US$30,000 per tonne.
So at 0.1% Co (average of above) - This equates to US$30/t in ground value (of cobalt). (if you ignore credits, this means you need to be able to mine, process and transport for less than US$30/t to make money.

Depending on how you mine (surface, underground etc) - a vague suggestion is anything over $100/t probably has a good chance of working. (again - depends on how deep, processing etc)

IF EQU does really have 5% Co in ground - this is US$1500/t in ground value (which leaves a lot of room for mining/processing etc)

(this is a really quick way, I am not saying it's fool proof by any means - many things impact costs (way of mining, depth, processing, recoveries etc)

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looks good for a quick trade, clq clearly the best and the only one that will make it to production. investors need to realise end users need the nickel and cobalt in sulphate...........

CO1 Price at posting: 5.8¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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