TSXV:FCO.H - Post by User
Comment by
McStockBigMacon Jan 09, 2018 3:01pm
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Post# 27316015
RE:Not Naive
RE:Not NaiveThere might be a lot of cobalt but very little mines that mines cobalt as the primary product. Most of the cobalt produced are from by products of nickel and copper. Soooooooooo for those mines that produces cobalt as a by product, to get more cobalt they got to really pump the nickel and copper. Surplus of copper and nickle will happen just gor that mone to mwet demand. It's like how restaurants sell their used oil for cash. The oil will only be made when food is made. The restaurant won't be making random food to meet oil demand. It would kill their main business which is food. ECS is the most advance cobalt venture that I know of on tsxv. Good luck to all the long holders.
CARSALESMAN wrote: I know there is alot of Cobalt in the world, still long cobalt
https://uk.reuters.com/article/us-gm-electric-insight/gm-races-to-build-a-formula-for-profitable-electric-cars-idUKKBN1EY0GG