TSXV:FCO.H - Post by User
Comment by
jjeeddoo7on Apr 01, 2014 9:20am
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Post# 22394302
RE:RE:get out
RE:RE:get out IRR of 16% at $20 per pound.
Get out while cobalt is at the price it is...the mining costs are to high for this project to mine this Cobalt. No Bank will give them any loan at any interest rate,,,,no loan shark is this dumb either...the IRR is too low even at 20 bucks for cobalt...one small glitch in the mining process and 16% gets eaten up quick...STOP DREAMING...this mine will only go when cobalt RISES ABOVE 20 bucks. Period.