Bond's grandson bets on cobalt extract of article appearing in...

Bond's grandson bets on cobalt

extract of article appearing in the FinReview.......

The fund has a global mandate but it prefers to invest in Australia unless it can find a compelling reason to go offshore. Which is exactly what it has done when it came to identifying a quality cobalt play.

"It's quite hot now but we started investing in cobalt 12 months ago," Mr Bond said. "There wasn't an Australian company that fit the parameters we were seeking, so we invested in a Canadian listed play called eCobalt Solutions."

The thematic for cobalt is similar to that of lithium in that it's a key component in the type of car batteries that you find in electric vehicles manufactured by everyone from Tesla to Daimler-Benz.

Except that the batteries use much, much more cobalt than they do lithium.

The price of cobalt has soared since Terra entered the position, with the eCobalt Solutions share price rising from C40¢ (39¢) to a high of $C1.50.

Terra has since invested in the ASX-listed Equator Resources and private company Battery Mineral Resources which is expected to go public soon.

While the horse has most likely bolted on cobalt, Mr Bond also believes uranium is poised for an upswing


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