GREY:BNCIF - Post by User
Post by
AdekGoskion Mar 30, 2017 8:29am
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Post# 26050633
ECS
ECSThe price target for ECS of $ 1.5 is a very conservative assessment after the first feasibility study comes out within the next two months. Three months after that when the full study is published comprising the off-take agreements there will be another significant jump in price. Shortly after that a financing deal will be announced - big publicity for the first pure cobalt mine in North America and another step up in share price. After that I see a take-over take place so another jump up. So the way I see it there is still a big potential to go up with the share price, especially if cobalt price will be moving north of $30$, some say it may reach over $ 50 this year. To me, it is a much better play then other entrants who are 15 years from production.
This is just my own opinion and nobody has a crystal ball.