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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 4:38pm
261 Views
Post# 11168757

Resistance at $20 reminds me of resistance at $9

Resistance at $20 reminds me of resistance at $9Ok, it doesn't really but it is good for some of the new AUR-Else gang to note that some of us have been here for a while and can testify to how the stock is supressed and supressed and then just pops to the next level without looking back at it did when it broke $9, pulled back a quarter or two and then moved decisively to over $12. When in doubt, think it out: The stock is in a sector that is consolidating; it is one of the few companies that is actually increasing productiona and lowering costs going forward; it has over $4/share NET CASH in the bank right now on track for around $6/share by year end; it is trading for a multiple of about 4 times cashflow when the sector average is well over 8 despite the aforementioned net cash; and it has a handful of excellent development properties to say nothing of about 12 Billion pounds of reserves. Oh yes, I almost forgot, it sells its LME Registered Grade A production for about 7 cents over spot prices (so don't forget to add that in). Cheers.
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