TSXV:FCO.H - Post by User
Post by
BillArgento1on May 06, 2018 5:07pm
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Post# 27989185
Targets in sight, and great upside potential
Targets in sight, and great upside potentialLast month's Eight Capital report says: this month the water treatment plant is due to be installed. Feasibility study due this quarter. Same with production decision, and completing due diligence with potential off-takers. We already know Mesnac said in February it will invest up to $80 million in eCobalt...but then eCobalt said that was one of "numerous" non-binding letters of intent but no definitive agreements finalized. So it could be looking better than we know.
One other thing I noted in the report--"Q2/18 - Feasibility Study update will incorporate expanded high grade resources, reduce dilution, create CPF flowsheet for clean Co concentrate".
I also saw on Twitter that on May 15th, eCobalt will be giving a lunch presentation in London, presumably for investor interest.
Eight Capital's target price so far--C $2.50. With "further upside potential" for resources.