OTCQX:CBLLF - Post by User
Post by
ugggon Sep 18, 2018 9:40pm
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Post# 28643764
What's the Nav here?
What's the Nav here?
They have roughly 3000 tons of cobalt. At $30 per lb that's $180M. $50M cash less 25m liabilities gives another $25M. Plus $14M investment [don't know what it is, says note 4, couldn't find it on my brief look], so will keep it at $14M bringing total to $219M. So $219M plus royalties & streams. Market cap as per stockhouse [not always accurate but more likely less than more] is $540M. So, are the royalties & streams worth $321M? Yes they are on the books at about $320 but now that cobalt has dropped are they still worth that? Any comments welcome.