Fabled Silver Gold Corp T.FCO

Cobalt metal prices

[JohnEStromJr]

boozerbyron,

The price of cobalt from the link I posted was for the current date. For example it now shows the LME for July 1 whereas the FCO link continues to show June 18 prices.  Since June 18 [which is nearly the same as LME 3 mo. cobalt] the price has dropped from roughly $17.50  [LME 3 mo.]  to $17.08/lb.  

You are correct that 99.8% pure cobalt sells for a premium - evidently now a substantial premium.  The bid/ask is $20/lb and $22/lb for the higher purity whereas the 99.3% cobalt bid/ask is $17.50 and $18.50.  So apparently there is  a $2.50 - $3.50 delta for the higher purity aerospace grade cobalt.   That was the price, however, on June 18th.  We're now in July. 

Since the two sources are within 2-3 cents per lb. for 98.3% cobalt, they are probably both cheaper now.   I would think there would be an erosion in the price of the higher grade cobalt as well.   Since the less pure cobalt has declined in price it's reasonable to assume the higher purity has also declined.   Lower grade has gone from $17.50 on June 18 to $17.08 on July 1 for a decline of 2.4%.  Discounting 99.8% cobalt by a similar amount should put the price at $19.52/lb. on the bid.   Which is about 13.3% [13.3215%] less than the number FCO used in its Bankable Feasability Study.  The number FCO used was $22.52/lb. 

[$19.52 / $22.52 = 0.866785  -  1.0000 = 13.3215]

So the charts WERE close to one another.  The price chart FCO used is from June 18th - and it still is using that price and date.