Congo seeks outside advice on imposing cobalt export curbsGetting cobalt back up to US$25 per pound and gold at US$2500 per oz would arguably put Fortune Minerals stock fair value in the US$2 range. And to speculate a bit more, if gold were to reach US$5000 per oz, Fortune Minerals stock fair value would be approaching the US$4 range (using FRC price sensitivity tables adjusted for issued stock). Does not take into account project optimizations, new mine plan, Tlicho all-season road, new refinery site, etc.
The Democratic Republic of Congo, the top cobalt producer, is sounding out advice from international industry organizations over measures to raise the battery metal’s price, including through potential export quotas. ... https://www.mining.com/web/congo-seeks-outside-advice-on-imposing-cobalt-export-curbs/