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Global Cobalt Corp GLBCF

Metals & Mining Industrial Metals & Minerals
Global Cobalt Corp is an exploration stage company. Its projects are Altai Sister Properties, and The Iron Creek Cobalt-Copper Project.


GREY:GLBCF - Post by User

Global Cobalt Corp
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Post by Mark101on Feb 18, 2014 11:03am
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Post# 22219933

While we wait for news ...

While we wait for news ...Another potential partner for GCO would be ENRC. Eurasian Natural Resources Corp is located in Kazakhstan right next door to The Altai Region in Russia. ENRC owns many mining and refining projects worldwide and one of them being the Mukondo Mine in DRC which may be the richest cobalt reserve in the world. (CAMEC technically owns this mine but ENRC owns CAMEC) CAMEC has a contract to sell 100% of their cobalt production to Zhejiang Galico Cobalt & Nickel Material Co.,Ltd which is the leading manufacturer specialized in the production of new materials of cobalt and nickel compounds in China. GCO could definitely become a buyout target as it would make a lot of sense for ENRC to sit and wait until GCO does all the leg work on the Karakul Project and then buy them out. With a fully financed project and guaranteed sales it does make Karakul very attractive for a buyout.
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