OTCPK:KATFF - Post by User
Post by
vad001on Oct 31, 2017 11:30am
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Post# 26881812
Cobalt price projected to hit 40s next year
Cobalt price projected to hit 40s next yearhttps://247wallst.com/commodities-metals/2017/10/30/why-electric-cars-need-cobalt-and-where-it-comes-from/
keep in mind that an increase in the price by 30% could mean a doubling (or more) of mining company profits.
Also, keep in mind that every single stock which had significant mult year runs was considered to be "too expensive" commentators every step of the way who only looked at P/E.
Ultimately we want cobalt to be widely used as a small irreplaceable component where price is no object - if the percentage of batteries containing cobalt drops by 80%, but the demand soars by 10,000%, we win, and that is exactly what the future scenarios seem to be.