GREY:GLBCF - Post by User
Comment by
iggy0on Oct 29, 2013 9:42am
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Post# 21857456
RE:I REPEAT
RE:I REPEATGuru, this price you quote for cobalt is relevant if GCO takes the project to completion. Does the company have this goal in their plans or, as most juniors, be interested in selling the resource to the highest bidder. In which case the cobalt price or value of the property would be adjusted accordingly. i.e. Uranium is currently trading around $35 a lb. But juniors with discoveries, such as FIS/AMW, are valued at the current cost to mine the resource which is at $10/lb. Just looking for more relevant DD than the usual blind pump.