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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 16, 2006 8:56am
288 Views
Post# 10997851

RE: question for the masses

RE: question for the massesAUR is paying a NSR of 3% to Falconbridge for Duck Pond. Current reserve life is a little over 8 1/2 years but that is based on $1.20/pound copper. And, I suspect, that AUR is being its traditional conservative self in that estimate as I know they have done some more exploratory drilling of late that will see an increase in that figure. As an example, its Louvincourt mine that came to its natural end last year ended up with a return on equity of about 50% year over year over as estimates for that mine and its life also proved too conservative. As discussed before, 100% owned Duck Pond will be a less than zero cents/pound producer of copper and will also benefit from an additional cashflow stream from processing the ore of much smaller mines in that part of Newfoundland. At current prices, a full-year of Duck Pond by my calculations (see earlier post near a couple of months ago) would add over $1.25/share to 2006 earnings in 2007. Should copper average $3/pound in 2007 I predict that AUR will have earnings near $5/share and NET CASH in the bank at the end of that year over $10/share. It's a cash cow.
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