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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 May 01, 2006 1:31pm
169 Views
Post# 10770228

RE: Question About AUR Cash in Bank

RE: Question About AUR Cash in BankAUR can easily fund its share of the expansion with its NET cash in the bank which currently is over $3/share and should finish the year near $6/share. They may fund the whole thing if they wish and then get paid out on the first dollar basis until that debt is repaid. I have no hesitation in recommending a buy of AUR at these prices as I am putting my money where my mouth is. This "news" was not really news in that we all knew it was coming -- the only significant part of it is that they found this expansion to be very feasible with a 15% rate of return using $1.20 pound copper and $400/gold. Again, what doubts are there about AUR: it has the cashflow, it has the NET cash, it has the production increases, it has the cost decreases, it has the mine life, and it has the reserves. Unless you think the commodities bull is over (in which case you should sell every oil, gas, gold, and copper stock) find me a better stock on the TSE when held to the standard of upside potential vs downside risk. Smart money will take advantage of your frustration to buy more and I like to put myself in that group.
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