Cobalt is upArctos is a world class anthracite deposit. FT retains a repurchase option for a pittance compared to the NAV.
In a bargain basement liquidation, Arctos is worth 10 X the current market cap value of FT.
Is this an exaggeration? OK THEN: How about 5 times? How does grab you?
POSCO has dropped 80 million bucks into this high grade, world's largest anthracite deposit which is connected by rail to the operating Ripley thermal coal export terminal at Prince Rupert.
PLUS:
For each 12 cent FT share you ALSO get:
1) cobalt, gold and bismuth.
2) olympic Dam potential.
3) Fully permitted mine with all season road access and Snare dam hydro.
4) 120 million invested with a partial mine already constructed waiting to run on day one.
For free.