TSXV:FCO.H - Post by User
Comment by
materialsgirlon Oct 17, 2017 12:43pm
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Post# 26821550
RE:materialsgirl you have to be the dumbest person on planet
RE:materialsgirl you have to be the dumbest person on planetfarm hand;
You are absolutely correct that a major off-take agreement could lend
a helping hand for a small company begging to borrow money.
a crucial factor would be the conditions. Market price? This would be hard because
the buyers of cobalt for cars etc will likely be on the hook for a fixed price for at least
a year. How about $20? This price would be hard to swallow for ECS management and investors.
Off-take agreements and streaming deals are two of the supplementary financing
deals that could give ECS a leg-up.
There is a big market for futures in copper and many other metals but the cobalt
category is still niche and will likely remain so for decades to come