@Glitterati .."this is supposed to be a happy day for us long...

@Glitterati .."this is supposed to be a happy day for us long suffering WFE shareholders."

Why??

It is a day when some real information has finally been released. The information in the report is not rosy at all if you look carefully.
Firstly .......the plant will cost a lot more to refurbish and get to cash flow positive status than many had indicated over many months on these forums, ie $US10M, of which there is currently no budget allowance for.
Secondly the NPV clearly states from the companies own cash flow model that there is no upside in this plan to process 3rd party ore when compared to fully diluted Mcap (without the extra $US10M spend).

Today is the first concrete information on the concept, why should it be a happy day for share holders who have been predicting ridiculous numbers for cashflow and profits for months?
The report is basically a reality check.
The reality is that cobalt prices have crashed back to the long term base and the hype driven SP from last year when cobalt price was $US86,000/t is simply not realistic.
The reality is that every other cobalt play not suspended has crashed in price. Being suspended has not saved WFE from market forces. Today's report clearly shows that on p44 in the NPV.

Does anyone want to argue the companies own cash flow model is wrong??