Cobalt price, page-14

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rarebird1971

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20/06/17

07:52

Post #: 25369911
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Originally posted by theraven ↑

Cobalt price is indeed climbing after a period of stagnating around the 56K mark.

What is the timeline for the Cobalt production? we have heard no progress reports (on-track or not) since the purchase and that they are hitting their upgrade milestones.

The original notice dated 21/2/2017 puts a timeline of 6 months to commence mining - which obviously puts it at 21/08/2017. I assume this is on track?

"Detailed mine planning and optimisation work underway on the Kipushi Cobalt Tailings Project, with the JV aiming to commence mining activities/tailings retreatment within 6 months"

The Company has executed the Agreement with Paragon to establish a new joint venture company (JVCo), with the following objectives:
(a) to commence mining activities at Kipushi within 6 months;
(b) to immediately commence exploration activities on Kasombo;
(c) to complete a Feasibility Study on Kasombo within 18 months;
(d) to commence mining activities at Kasombo within 24 months; and
(e) to identify and secure other copper, tin, zinc, and cobalt projects in the DRC and Zambia to advance towards commercial production.

Note: TS never hits promised dates - let us hope this is the exception.

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Hi Theraven
I think that is what I really like with this project. Even if TS is out by six months it is still probably the closest to all projects to production. Impossible to research and be on top of every Cobalt project but of all of the 30 or so I have researched this is the closest by at least 12 months.
GLTAH
should be a great week

CFE Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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Cobalt price, page-14

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