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Coniagas Battery Metals Inc T.COS


Primary Symbol: V.COS Alternate Symbol(s):  CNBMF

Coniagas Battery Metals Inc. is a Canada-based exploration and mining company. The Company is focused on nickel, copper, and cobalt in northern Quebec. It is advancing Graal Nickel & Copper Project. The Graal Nickel & Copper Project (the Property) is located in the north of Saguenay Lac St-Jean region. It is comprised of 110 map-designed claims covering 6,113 hectares. The Property is also located at 190 kilometers (km) north from the seaport terminal of Grande-Anse (Saguenay).


TSXV:COS - Post by User

Coniagas Battery Metals Inc > Replacement Costs
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Comment by Oilmarketon Nov 25, 2015 2:22pm
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Post# 24325105

RE:RE:Replacement Costs

RE:RE:Replacement CostsI am not sure where you are getting the "lowball" from. The $3.9B of net assets on the financial statements is against the $4.3B offer. The $3.9B is from December 2014 valuation when oil was around C$100/bbl. If COS write off 30% that takes the net down by 2.7B to a total of $1.1B. Is oil going to stay down forever - No but is it going to $100/bbl tomorrow - not likely.
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