Global Cobalt Corp GLBCF

RE:upcoming plans

[readytogo1]

newbie1231 wrote: I also heard news out and of this week or early next week.
I wanted to clarify something Mark101  said he is correct that the feasibility study will be out at around the same time as a 43 101. I think they are calling it a scoping study as it is only valid in China and is not recognized in the Western world. What it does though is allow the Chinese to approach banks/lenders in China for funding if they so choose. There will be a site visit by the Chinese sometime in February.
I was also told the assays that came out where near the northwest end of the deposit which is of significance because one of the sister properties is only 500 m away in that direction, so it could potentially be an extension. The company plans on doing a PEA after the 43 101 and the expansion drilling. They want to solidify the valuation for the company. A lot of things can happen between now and then given that the Chinese can step in if they want. The difference between Global cobalt and other companies is that they technically could start mining tomorrow if they wanted to as they Already have mining permits in place for 900,000 tons. This will grow as the resource is converted to  C1 standards(Russian equivalent 43 101). Exciting times ahead, but the share price sure doesn't reflect it.
what I've noticed is there are quite a few people who own a few hundred thousand shares. This is a good thing as at least it will minimize how much fooling around can be done. I personally don't own that much, wish I could. Maybe one of you would like to lend me some money lol people who are selling below $.40+ are quite silly. oh well, by the end of the year I think we should be sitting quite pretty.

Newbie

Very good post Newbie!