RE:RE:RE:RE:Back to low 20'sWell, EVs would only cost 20% more even if Lithium prices doubled and Cobalt prices triple, if I remember the Uranium legend's lecture correctly. And that's if there's no further efficiency gains in batteries or cars at all. Plus I don't think that took 8:1:1 chemistry into account.
Not that I believe cobalt won't be replaced in 10 years (5 for research, 5 for facilities). It will. But cobalt should still be worth 10/pound after that, the mine would still be profitable, especially with the continued metals super cycle, the price of bismuth and copper should continue to rise. I don't know about gold, but I expect it to maybe reach 1400-1500 by 2023.
If the supercycle turns against us the mine would have to be temporarily shut down, but to be frank I'm planning to sell at least one third of my shares after construction of the road begins, and another third when offtake financing arrives.