TSXV:FCO.H - Post by User
Comment by
jjeeddoo7on Apr 02, 2014 2:43pm
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Post# 22401748
RE:RE:Blind leading Blind
RE:RE:Blind leading Blindplease continue to attack the messenger....or do any of you on this message board have the knowledge to actually see and put down your thoughts on how this company will make money at 14-15 dollar cobalt...it is because you cannot.
this stock is a couple cenrts for a reason...it needs cobalt to be 20 dollars in order for this company to make a 16% IRR...and thattt is not that great.
but first they need about 120 million dollars to fire it up...no financial institution has been able to see the number working ....that is why they have no loan.
sure it is all great to dream about having permits and a decent deposit of cobalt...but if the numbers do not work...they do NOT work
Tesla is NOT going to overpay for this cobalt.
look at the market cap of this company...ha
keep dreaming