$5.5m + 300m shares + 1 - 3% gross royalties.... Keep it real....

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HAC30

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25/03/19

10:04

Post #: 37870603
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Originally posted by The Avenger ↑

We have been suspended working through the ASX chapter 1 and 2 requirements as all people who do some research are well aware...strong progress has been made...binding deals have been completed on the plant, supply agreements, landholdings and lastly KUMI clean cobalt program.
More surprises to come me thinks on the ASX listing funding, LSE listing funding, offtake $25m or more funding and the European strategic investor..lots of heart pounding stuff ahead..down the line we are the owner of a $70m plant you know so debt funding if required (big if given we are looking at near term cash flow from the 636ktpa at 1%!cobalt which a few here thought couldn’t happen)...becoming a cobalt producer day 1 is challenging and yes great to see we now turn our attention to funding instead of some of the ridiculous commentary last week on NPV...remember we have a plant we negotiated for $5.5m usd which is now worth $70m and the MC will reflect....don’t be too concerned with cobalt price manipulations and keep focused on the broader EV revolution...the EV dominance race is very important to Europe

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$5.5m + 300m shares + 1 - 3% gross royalties.... Keep it real.

The NPV commentary isn't ridiculous, its how professionals actually value assets and it was based on the companies provided figures.

No doubt a few heart palps when the 50% NPV came back lower than the current diluted market cap even after another $10m needs to be sourced and spent.

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
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$5.5m + 300m shares + 1 - 3% gross royalties.... Keep it real....

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