RE:RE:Quarter poundersufoolme:
Maybe I misread your post. However, to be clear, the cost to produce Cobalt Sulphate is $13.25, not $15.00/lb., and Cobalt Sulphate has a ~$2.00 premium ($22.18), and the other minerals add 20%.
So your math should therefore look something like:
- Cobalt Sulphate = $22.18
- Other minerals - Add 20% = $26.61
- Cost of production = $13.25
- Cobalt in Mine = 38.583 Million
So $26.61 - 13.25 = $13.36/lb profit for each of the 38,583,000 million lbs of Cobalt.
If we assume 133 Million shares, that comes to:
Wait for it...
$3.87 stock price when Cobalt is $20.18/lb. and an extra .29 cents for each dollar increase of cobalt (e.g. Cobalt @ $30 =$6.77 per share). And this doesn't incude of course expected increases due to the other 18 locations.