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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 Jun 05, 2006 9:11am
195 Views
Post# 10945703

RE: Just started looking at AUR -levi

RE: Just started looking at AUR -leviThe big support area is $15.75 which is me. I tried to get cute on the recent pull back and missed buying all that I wanted by a penny one day and nine pennies on another. Lesson: You aren't in this for the nickels and dimes so pay what you have to pay to buy value and wait. As you are new, perhaps you do not know from the chart presented at the last AGM that each 5 cents over $2.50/pound (AUR sells their copper for a 7 cent premium to spot because it is LME registered as Grade A) will add about 7 cents/share to 2006 earnings of $2.42/share. Do the math and you will see that at these prices AUR is on track for earnings near $4/share, cashflow over $5/share and NET CASH by year end well over $6/share. Remember also that AUR is increasing production into 2007 with addition of zero cost 100% owned Duck Pond to a near doubling by 2009 (and at lower costs) with Andacollo expansion and its 60,000oz/gold/year by-product credit for 21+ years. The bottom line: It is currently trading at a forward cashflow multiple of about 3 when the sector average from kitco comparables is over 8 (and it has over $3.50/share NET CASH growing by near 2 cents/day). Buy with confidence and hold with conviction.
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