TSXV:FCO.H - Post by User
Post by
notmuchmoreon Apr 14, 2016 12:23pm
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Post# 24766751
It's not all about Tesla
It's not all about TeslaEvery pound of cobalt that is consumed by Tesla will diminish the cobalt that's available for other industrial consumptions. In other words, while it would be nice, FCO's future is not predicated on an off-take agreement from Tesla. It could just as easily be an off-take agreement from a Chinese firm. I would, however, greatly prefer a buy-out and the buyer would then contract out the actual mining because FCO has no good track record of actually mining anything.