Fabled Silver Gold Corp T.FCO

Sulphate vs Concentrate

[ThunderMeat]

Hi all,

after reading a bit mroe about ECS what do you think about ECS decision to producing concentrate vs sulphate?

short term this is beneficial obv but will this have an impact on long term growth for ECS producing an upstream material that needs to be further processed ?

Mr. Paul Farquharson, President and C.E.O. of the Company commented: "Consolidation of battery materials manufacturing in China to decrease cost and increase production capacity has reduced the premium in the price of cobalt sulphate over cobalt metal. 

Due to these changing battery market dynamics, and in response to discussions with numerous potential offtake parties, the Company has determined that delivering a clean cobalt concentrate product is the fastest route to production, generation of cash-flows and reduction of price and technical risk to the project. A clean cobalt concentrate is an upstream material for battery cathodes compared to cobalt sulphate which would eliminate the requirement to build a full CPF, as reported in the September 27, 2017 Feasibility Study, which is expected to result in substantially reduced capital and operating cost for a more simplified flow sheet.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1126-tsx/ecs/39258-ecobalt-solutions-provides-idaho-cobalt-project-optimization-update.html