independent valuation of luapula plant, page-150

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Cosmoterios

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24/03/19

23:44

Post #: 37868571
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Originally posted by The Avenger: ↑

Wake up...I think you need to take your own advice...for starters
1. You say ‘no resource’...well we have 7 bonding supply arrangments for 2.5 years short term supply at 636ktpa at minimum grades of 1% cobalt and 2.5% copper
2. We have 5 licenses at around 500km2..did you read page 8 of METS report...key words WITH COBALT RESOURCES
3. We have the KUMI clean cobalt agreement which provides us the ability to ensure there will be a transparency process in place certifying our cobalt as ethically sourced cobalt.
Now those three ingredients my friend make for a recipe which obviously the Europeans who are screaming for ethical direct cobalt supply are very keen to secure...so let’s see who the European player will be and also the strategic partner
Now from a funding perspective we have an asset worth $70M remember so that opens up debt funding opportunity...we have the original sophisticated investors ready to commit $10m in propespectus...yes hearing those originally commitment funds are very eager indeed
And by the way you know the LSE is a great place to do business and raise capital...one things for sure hope we relist in London first as they will be a leading inducator for MC value...as we all know Aussie market is a follower not a leader

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You haven't got MONEY TO BUY ANYTHING!!!

Go on, show me how much the company paid for these so-called contracts?!?

ZERO.......all a lot of conditional contracts with ZERO PAYMENTS (other than the Deposit for the $10M J/V)

Have a look at VEC, was a lot of HOT AIR (hype and ramping) about VALUATION and POTENTIALS, before Reality set in.

Last edited by Cosmoterios: 24/03/19

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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independent valuation of luapula plant, page-150

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