FCC 9.38% 14.5¢ first cobalt corp.

Please watch FCC's new video on the refinery - 3 minutes....

  1. 2,299 Posts.
    lightbulb Created with Sketch. 243
    Please watch FCC's new video on the refinery - 3 minutes.

    https://www.firstcobalt.com/investors/media-gallery/videos/

    From stockhouse.com:

    "It's a pile of junk with no feed supply anywhere. The cobalt will not comne from their Colbalt, Ontario holdings. It can't as there are no resources outlined. And that would require a new mill to be built to process the ore and then provide a concentrate to the refinery. Everyone on this forum seemed to think you can just process rocks in a refinery. Insane."

    Which is similar to my view, though in fairness FCC also owns a decommissioned mill that may or may not be useful.

    My concern is,  FCC needs a lot of cold hard cash to achieve its stated ambitions.  Load-bearing risk capital isn't cheap and will only become available when investors can see a clear way forward.  

    Overnight, FCC.V fell to $C0.27 -5.2% as people did the sums on the magnitude of the capital task ahead.  I expect this to be replicated in FCC.ASX CDI's.

    Ash
 
watchlist Created with Sketch. Add FCC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.