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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 May 13, 2006 10:04am
275 Views
Post# 10848096

RE: Below 19 again -- great

RE: Below 19 again -- greatYou are correct. As noted before, this is a long-term core holding for me. Each day that it is undervalued relative to a rise in the underlying fundamentals (AUR just earned 10 cents/share THIS WEEK)fundamentals is one more day that I can pick up shares at a "discount" with money that comes into my hands. I wasn't going to sell at $21.11, so it does not bother me that it pulled back with everything else and is now $18.86. Long-time longs heard the same squawking and moaning at $6 and $7 so I am not surprised by that little whine-fest. Bottom line: You buy value and you wait, particularly in a bull market. And as for value, a stock that should finish the year (should these copper prices hold) with about $6/share NET CASH (think about that) with earnings north of $4/share and cashflow near $6/share that is also increasing production into 2007 with 100% owned zero-cost Duck Pond (which at these prices would add near $2/share ALONE to earnings) to a near doubling by 2009 with Andacollo expansion is the very definition of value. If you don't understand the rules of the game, it really is best not to play. Buy with confidence and hold with conviction or go move your day-trades over to Google. I am off to Vegas until Tuesday so hold the fort on Monday.
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