TSX:PVS.PR.G - Post by User
Comment by
schilajewon Aug 23, 2009 1:54pm
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Post# 16241836
RE: nice to see people posting here
RE: nice to see people posting here
Few thoughts on cobalt. First you have to beaware of the Congo situation and simply revolution,disease, etc. and have son -in-law in State dept who has traveled there and between Al-quida and above mentioned issues,suggest Kurtzes diamonds a good read on the mess. The grade of cobalt is important,do you have smelter near? to build one with power station ,roads,electric lines etc. $75 million. Cost of mining,FCO at $7 and high change for break even. Transportation to markets,are they year round? Competion from copper mines with cobalt as a secondary mineral keeping prices incheck,again they tend to be lower grades which cost more to refine.Refining secondery minerals is a question of expense???? Also secondery mineral markets FCO in Uranium and has a silver play that is quite attractive. I like the PVS issues so far and may soon put money where my mouth is ,but many issues down road believe it will be 3 years before mining,from what I know?????