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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It owns two main assets: the refinery located in Ontario, Canada and the Iron Creek cobalt-copper project located in Idaho, United States. Its projects include Ontario Refinery, Recycling, Becancour, North American Nickel and Iron Creek. It is in the process of constructing its expanded hydrometallurgical cobalt refinery, assessing the various optimizations and modular growth scenarios for a recycled battery material (known as black mass) program, and exploring and developing its mineral properties. The Iron Creek Project consists of mining patents and exploration claims over an area of 3,300 hectares.


TSXV:ELBM - Post by User

Comment by copperisgold7on Apr 23, 2006 7:40am
293 Views
Post# 10722836

RE: question......and some other stuff

RE: question......and some other stuffI wish I did own 80% of it (I believe many of us started musing about taking it private on this Board when it was in the mid-6s and copper was just over $1 -- if only I had followed my own advice. Of course, if only AUR had followed my advice on a Conf Call to do a sharebuyback with $1/share of cash when the stock was under $7 -- can you imagine what earnings would be like now (the answer given by Dr. Gill: we have discussed this with our main shareholders and they do not want us to do that. Huh? No one asked me and, at the time, I had enough shares to be asked.) If it helps you to rationalize, just view yourselves as being both "early" and fortunate to know about AUR and be in a position to buy it so cheaply relative to the price of copper, its cashflow, earnings, net cash, and production profile. At the very least, you have a stock that you can tell your friends about that you know will make them money as it will be higher than it is now by year end, higher still at the end of 2007 after a full year of Duck Pond adds over $1/share to 2006's eventual earnings, and higher still in 2009 when production has been expanded to around 400 million pounds while lowering costs with Andacollo expasion and its 60,000oz of gold/year as a by-product.
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