TSXV:FCO.H - Post by User
Comment by
YoloRoloon Feb 01, 2018 11:18am
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Post# 27479583
RE:RE:eCobalt Refines Processing Plans
RE:RE:eCobalt Refines Processing PlansYour blue highlight seem honest and legit.
eCobalt is currently completing a new optimized Feasibility Study ("FS") to reflect the change from the September 27, 2017 FS to produce a clean cobalt concentrate, a more desirable product to potential off-take partners. Read more at https://www.stockhouse.com/news/press-releases/2018/01/24/ecobalt-provides-corporate-update#jY5BSEWMbdri7uWr.99 This is expected to increase net after-tax cash flows and economics of the project, with all other economic and technical assumptions remaining unchanged as reported in the September 27, 2017 FS. A more detailed analysis will be released along with the new FS in the second quarter of 2018. Read more at https://www.stockhouse.com/news/press-releases/2018/01/24/ecobalt-provides-corporate-update#jY5BSEWMbdri7uWr.99 They really can't give numbers out until it's completed and official
The other highlights could be that ECS wants to see what's the best opitons after the new FS.
Hope that clearifies things for people.
farml1234 wrote: What a pack of lies , they will never quit !!!
Re:::
The original feasibility study was for a $184 million project, $124 million of which was for the Blackfoot processing facility, which would be in full production by Q3 2020. The new plant will cost less but due to stock exchange regulations eCobalt won’t be able to reveal final numbers until later in the first half of this year. “We expect that to come in significantly lower than what we were looking at,” Varley said.
Operating the facility was originally going to call for 65 jobs; with the new structure, that number will be lower. “The same skill sets, just fewer of them,” Varley said. Salaries should be comparable to those at Idaho National Laboratory and Premier Technology, in the $70,000 to $80,000 range, said Marc Carroll, the newly elected mayor of Blackfoot. “People are very excited about it,” Carroll said.
The company is financing the project now and is working with a number of interested parties to either buy the ore, take a share of eCobalt, or both, Varley said. “When we have final numbers, we will decide what’s the best deal,” he said.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.ecs&postid=27477826#trhLosSacSrLX91B.99
These jokers could not run a checkers game