TSXV:FCO.H - Post by User
Post by
tresspaseron Jun 01, 2016 5:21pm
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Post# 24924744
It was a fun day, but...
It was a fun day, but...Tomorrow is going to hurt... IMHO... profit taking, lol. I expect 63-15 -> 48 cents.
However, 48 will be the new low/normal. We will then have 2-3 weeks of semi-stagnation, then another 2-3 weeks of growth, then another big jump. I expect 80 by August, and 1.25 by the end of the year. 2017 will be a good year, going to 2.00. The big unknown is whether FCO will get (and accept) an off-take agreement when Co is still at 10.93/lb. The higher it goes, the more suiters FCO will have.
Cobalt is making a climb, ever so slowly. We are at 10.93, with steady rising since February. It will continue increasing to about $13 by the end of the year (some have predicted), then accelerate once Tesla and others coming on line.
Tesla just got a boat load of money. Many are wondering if they will use this to ramp up production, or will they use it sure up supplies (like everyone is perplexed they havent' done already). The big jump today could certainly also mean that.
It was a fun day. Hard to concentrate on work ;^)