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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 Jul 31, 2006 8:55am
281 Views
Post# 11166131

RE: While sugarplums danced in their head....

RE: While sugarplums danced in their head....I almost think they haven't heard of AUR. Think about it for a second: In 3 years AUR will be producing well over 300 million pounds of copper at well under 70 cents (and by well under it is likely in the 55 cent range) thanks to the benefit of Andacollo's 60,000 oz/gold/year by product and Duck Pond's status as a less than zero cents/pound producer with around 12 Billion Pounds of reserves ONLY from operating mines (that does not count development properties) and will likely have well north of $10/share NET CASH after paying for all the expansion without dilution or debt. If you are a major and are bullish on commodities (which, I assume you must be if you are buying Falconbridge and whatever else for CASH) then you have to be extremely bullish on AUR as any deal would be immediately accretive. That's why I just buy and hold and don't really focus on the day to day moves of the stock because I am as certain as can be that it will be much higher a year from now, higher still two years from now, and higher still by 2009/10 when it cracks triple digits. Protect your health: wear sunscreen; buy AUR.
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