RE:First Cobalt drills 13.4 m of 2.22% Cu at Iron CreekThese are exciting grades, worth mining for the Cu alone.
Excious' comments about junior miners proving mining assets are correct. Wnen drilling and assays prove there is a JORC compliant resource worth digging up it can be ranked relative to other deposits and start to have real present value.
Iron Creek keeps getting bigger and better defined with each stage of drilling. Mining is still at least 3-5 years away.
The refinery is also valuable if a source of concentrate and processing path can be determined.
I am most amused the aggregation of Cobalt Camp properties FCC began with are no longer mentioned.
Further M&A activity is highly likely.
Ash