At current Co price 600ppm (o.o6%) is about 1.32lb per tonne ore @ say (conservative) $10/lb even = $13.20 per tonne ore. This is more than the value of the combined PGE's unless I'm mistaken, and more than the value of the contained (JORC 0.21% ) copper, say 4.5lb Cu @ current $2.09(all US of course) = say $9.45.
Looked at as a basket $13 plus from Co not to be sneezed at. Going all the way back to Falconbridge their Maibele North holes showed quite good concentrations of cobalt. (You can see these results if you go to BML web site and trawl the list of prospects. F got other good results e.g. gold but were only after Nickel.)
Have a nice day all.
BML Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held