Electra Battery Materials Corp. V.ELBM

News :First Cobalt Begins Geophysics Program at Idaho

[habstraders]

This morning News release :
https://www.stockwatch.com/News/Item?bid=Z-C:FCC-2976448&symbol=FCC&region=C

[dothemathpeople]

Confusing.  Announce an Idaho spend, but the cobalt concentrate deal they have for their Cobalt facility (at the moment far far away from running or producing anything) with Glencore, ships material from China.  Stockpiled material, out of the DRC.  Kinda going in two directions with this call.  Also, Idaho requires hard dollar spending, which FCC has less of than other funds.

[Skantor18]

Jervois mining had a net loss of 2 m in 2019 and 2020 is delayed. They haven't raised any funds since August 2019 and common shares outstanding is 641,632,657.

[dothemathpeople]

So they are perfect for eachother; together they could have OVER 1,000,000,000 shares I&O, lmao., cept FCC's losses are bigger.

[ARIMA11]

Agreed with some of the points here. However, there is nothing wrong with multi-tasking. :) It almost comes accross as a tool for valuation which can be used in negotiation with a funding party. The refinery value is known but the other assets probably still need work or optimization.  Remember.. FCC acquired more land as well at IC. https://www.firstcobalt.com/media/news/first-cobalt

[ARIMA11]

A lender would want quantify all the assets the creditor has before.... 

[dothemathpeople]

The refinery value is not known.  The cost to bring it online has been estimated.  The rest is pure speculation.  The internal review of the Cobalt camp was a curveball, it's BS.  Silver has already slipped below where it needs to be for the camp to be feasible.  More land at IC? So what?  NO lender, save for someone like Glencore, will give any value for a broken

[ARIMA11]

Yes, NPV as a metric is "speculative" but its the industry standard for venture minors? https://www.newswire.ca/news-releases/first-cobalt-announces-positive-feasibility-study-results-for-canadian-cobalt-refinery-expansion-861661866.html What do you suggest? Sort of dissapointed here, you claimed to be all about maths. Please try again but this time make a numerical argument. We're