TSXV:FCO.H - Post by User
Comment by
elduckyon May 11, 2017 6:31pm
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Post# 26234157
RE:RE:RE:Feasibility study
RE:RE:RE:Feasibility studyI think this means compared to cobalt sulfate heptahydrate, which is about 20% cobalt. They would mine 7,500 cobalt sulfate heptahydrate, containing 1,500 of cobalt. I have been trying to find the price for the sulfate to complete my model, but it's a bit tough. The PEA said 10-50% premium over cobalt usually. Alibaba has some for sale, but it's all over the map. For now I'm just assuming 20%, though I'm not sure what the market thinks in terms of coming to the current price of $1/share.