RE:The report is so so with the current cobalt price, dont pumpThe study shows everything is status quo- the plan FCC had all along continues to move along at a calculated and predictable pace. Nothing earth shattering in this report.
I believe this refinery will just continue to move along, trade off studies to find the most attractive financial metrics, and then slowly come online with 12tpd and then 55tpd scenarios, as planned. This is a long play, but a pretty solid play.
In a way that is encouraging, they are not looking to pump and dump, they are looking to just do the right thing. Good management team, good investment, not a get rich quick play though, unfortunately for those who were in it for that.
A little dissapointed at the NPV and cash flow to be honest, esp since they added 50% assumption to the cobalt price. But, jt still represents a handsome premium on current market cap. And if cobalt becomes as strategic and short-supply as many predict it will exponentially increase that NPV.
I don't think the share price will move much today- pump and dumpers will sell and leave, and long plays will be heartened and buy in.