RE:RE:Colbalt ValueEvrytingisawsum wrote:
Also a slight correction on your calculation.... CS will producing 10.4M lbs of Cobalt at -$4 (negative $4) due to by products, therefore at $8 / lb x 10M lbs = $80M of EBITDA!! They would become the WORLDS LOWEST COST Cobalt producer.
Just to clarify - i was pointing out the difference to the post - $80M delta.... to sum up differently - Cobalt is currently $22/lb and CS costs will be -$4/lb, therefore 10.4M lbs per year at $26/lbs margin = total $270M year in EBITDA. Hope it makes sense now.....