TSXV:FCO.H - Post by User
Comment by
BarnFindon Jan 22, 2019 11:54am
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Post# 29264815
RE:RE:🎤eCobalt's CEO Michael Callahan Interview🎤
RE:RE:🎤eCobalt's CEO Michael Callahan Interview🎤What I took from the interview is that they have insufficient capital to go forward with mill and mine development and that their main focus now is to obtain an offtake partner that will help provide financing for the expanded (8-12) production. That once there is financing, the water treatment plant and the pit liners will be completed, with Feasibility Study to follow - that includes offtake terms - and then mine development will follow, with mill thereafter.
Boil that down and everything hinges on an offtake agreement that provides cash - much like some of the ones that Cobalt 27 has done recently.
How much cash is needed to go forward??