TSXV:FCO.H - Post by User
Post by
BarnFindon Jan 15, 2019 1:20pm
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Post# 29234622
Current Activity
Current ActivityWith the cobalt price at its current levels, I am not surprised at eCobalt's current SP. However, they will not be producing cobalt for a couple of years - longer if they don't keep moving forward on the construction and interior buildouts. The water plant building is up, so snow/cold is not an issue for that, are they building out the inner works of the water plant. What about the concentrator building? Did they get it up? The last pictures we have are in October, with the foundation in process. These are metal buildings that are generally quick to complete - is it complete? I live 3-4 hours from Salmon and construction does not come to a halt in the winter on steel buildings so long as you have the foundation/floor in place. We need status reports on construction. If they are sitting on their hands and waiting for spring, we are burning cash with no progress. This progress is important to whether they can sign an offtake agreement that brings value to eCobalt, and in turn, its SP.