TSXV:FCO.H - Post by User
Comment by
reeJoeyon Dec 07, 2017 10:24am
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Post# 27108593
RE:More studies. Refinery too costly.
RE:More studies. Refinery too costly. Great news--anything that significantly reduces capital and operating costs and makes for much more favourable economics is money in we shareholders' pockets. Clean cobalt sure is the cheaper and faster way to go and it still gives the market exactly what it wants. This is really good news as the company now is looking into financing and working on offtake agreements. Surprised don't see more sp reaction as, all of a sudden, the whole project has become much cheaper to build and operate. Like this passage:
We are very excited about this new path as it further de-risks the project and has the potential to significantly decrease total capital requirements. The Company's original project initiation timeline is not altered." He concluded; "Urgency among OEMs' to secure cobalt supply has driven the price of cobalt to US$30 per lb. which drives the desire for the ICP to achieve early production to deliver optimal value to its shareholders."