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US Cobalt Inc V.USCO

"US Cobalt Inc is a natural resource corporation engaged in the acquisition, exploration and development of exploration and evaluation assets with its primary focus on the development of the Iron Creek cobalt property in Idaho, USA."


TSXV:USCO - Post by User

Comment by rotten2coreon Jun 21, 2017 2:22am
220 Views
Post# 26385995

RE:RE:Stock price disconnected with cobalt price

RE:RE:Stock price disconnected with cobalt price

I pulled the following quote from that baystreet piece. "Not only is US Cobalt (TSX:USCO.VOTC:SCTFF) fully financed to develop its Idaho Cobalt Belt project, but it hopes to prove up 10 million tonnes of cobalt resource. That's worth a potential $1 billion at today's prices with a grading of 0.59 percent." 

Now I havent seen management say anything in writing about a potential 10M tonnes, but the historical data already shows 1.3MT and it sounds like they believe that 10MT is a possibility.  If that ever came to fruition, that would be 3x the resource size of ECS (3.48MT @.55%CO) and at a higher grade (Iron Creek historical data shows .61% CO).  At todays CO prices, that would easily command a market cap of $300M-$400M which is 10-13 X USCO.v current share price.  That's why many, including me, are starting to get excited about this story.  It could potentially be very very profitable.  But at this point, its still a speculative play and should be treated as such.  This isn't a locked in homerun.  But quite exciting nonetheless.  GLTA


 



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