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Anonymous
/cobalt cliff/
2016-06-30 00:51:59 Post No. 1348230
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/cobalt cliff/
Anonymous
2016-06-30 00:51:59
Post No. 1348230
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Cobalt's on the move, high grade lithium batteries for cars and shit need it, the current supply is not enough. Got this from a HC thread about cobalt companies that have the best deposits.
>The Katanga mine in DRC (largest cobalt mine in the world) is closed until middle 2018 due to maintenance. This leaves only the virtual producers that are specialized on cobalt pure-play for the investors to achieve near-term profit. Here is a quick run-down of the trending virtual producers.
>Formation Metals (FCO.TO) - Idaho Cobalt Project, hyped due to Tesla Gigafactory vicinity (Nevada), promotes itself with ethical mining, safety and responsibility, however other than economic studies they offer not much information about their deposit, other than estimated reported resources which are not particulary impressive in comparison with the resources elsewhere.
>Broken Hill Prospecting (BPL.AX) - still lacks a JORC compliant study to further provide economic viability, the scoping studies for cobalt are years out of date, it will need current information for further assessment. The scoping study shows the deposit being fairly vertical with mineralisation occuring to 300m of depth, thus drilling and maintenance being a production cost factor.
>Conico (CNJ.AX) [50% JV with BAR.AX, a gold miner] - Mt. Thirsty, potentially 4th in the world by obtainable cobalt resource, is 50% owned, operated and managed by Conico (CNJ.AX), the companies tangible book value exceeds their SP (0,02 SP – 0,05 TBVPS). The orebody is relatively flat lying with an average thickness of 12m and an average depth below surface to the top of the orebody of 14m, deeming the production costs lower due to lack of necessity for extensive drilling.
