Global Cobalt Corp GLBCF

RE:RE:GCO was never a sprint

[duaneb737]

So, I am no expert by far and I tried to read the 43-101 and there are a lot of big words! My take from the 43-101 and the CGO corporate website as to the value of the resource is as follows: (I don’t know where the 75,000 tonnes came from) From page 9 and 126 of the report. The total CoEq (which includes copper, tungsten, bismuth and silver) is: 57006+9522+14552=81,080 tonnes 81080t X 30,000$/t=2.43B$ worth of cobalt equivalent resources But this includes all the minerals to be mined (?) cobalt, copper, tungsten, bismuth and silver Cobalt only resources is (from the same document): 19680+2793+4686=27,159tonnes of Cobalt Hence Co value is 27,159 X 30,000$/tonne=approx. value of cobalt (alone) 815M$ Soooooo….. 815M$ worth of cobalt…. 10% profit margin (WAG) with 85M shares gives a share price of 0.96$ (for the cobalt alone) And total resource vale of 2.43B$ at 10% recovery again with 85M shares gives: $2.85/share Fun with numbers… no science here