Post by
DAGUY on Feb 24, 2021 2:24pm
Colbalt Value
Looks like 10M lbs plus a year at 4.00 a pound, could be $150M a year more revenue.
Something else to add to the mix.
Comment by
Evrytingisawsum on Feb 24, 2021 6:07pm
This is incrediby under appreciated by the market!!
Comment by
Evrytingisawsum on Feb 24, 2021 6:17pm
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.
Comment by
Evrytingisawsum on Feb 24, 2021 9:26pm
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.....
Comment by
DAGUY on Feb 25, 2021 7:38am
Yes, i saw Cobalt at 22 and i took off the 4 (not -4) for 18 and 10Mb approx 180M but said 150M as an approximation.