TSXV:FCO.H - Post by User
Post by
AdekGoskion Apr 22, 2017 12:56pm
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Post# 26152811
RE: Off-take agreement coming ?
RE: Off-take agreement coming ?My understanding was, we are waiting now for the 'preliminary' BFS, which should be around the corner (maybe before or on May 15, the Conference in Toronto).Then, during next 3 months they should follow up with the full bankable feasiblity study containing the off-take agreements.
I am not sure, if they want to speed up the whole process, would they disclose off-take agreements now ?
Also, if somebody read carefiully the article posted by Julian A. a few posts earlier, it seems obvious that there will be a real need and demand for a new Cobalt producer in North America, like eCobalt and possibly FT. So I disagree with the statement, that once KAT gets on-line, all junior cobalt producers decline. In fact, we may see violence in Congo and the price may spike above $ 50/lb. It does not make sense that DRC and China contraol so much of the Cobalt market while the wole world needs more and more of it. In addition, the 'clean' producers will be allowed to charge a premium for their products which will make them highly profitable.