TSXV:FCO.H - Post by User
Comment by
Digger171on Apr 14, 2016 1:08pm
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Post# 24767059
RE:It's not all about Tesla
RE:It's not all about TeslaYou are right that Tesla is only a symptom of the cobalt demand that is rising already.
The problem with a bid to take over FCO is that it would not price in the huge potential ore bodes in all the other undeveloped zones in this mine. What we have quantified to date in this mine in only part of one zone. This only scratches the surface in my opinion.
I would like more ore proved up before accepting any buyout offer for such a special mine discovery.
In any event, qualified miners are available in this region and they could operate it and develop its potential as cobalt continues to increase in demand.
I think FCO has a very good future as a very profitable mine.