OTCPK:KATFF - Post by User
Comment by
Sogosohubidu201on Mar 05, 2019 2:42pm
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Post# 29445213
RE:RE:RE:RE:RE:RE:RE:RE:RE:KBLT CEO predicts the rebound of cobalt price this year
RE:RE:RE:RE:RE:RE:RE:RE:RE:KBLT CEO predicts the rebound of cobalt price this year@topdop, @lech. Good to see three of us still here, hahaha. The issue of trace uranium in cobalt not only delay good earning quarter for 4 quarters, but also artificially increased costs for Q4 2018 and will increase the costs for this year because the company would needs to make provisions for it. If not for this, copper product alone at full capacity may make the company profitable even at today's copper price and higher copper price may not be necessary.
Nothing above would change the company fundamentals from next year. The operational costs after removing the provisions matched the numbers of Engineering Report and those of Goldman estimates well from my calculation.
To use Ion Echange to remove trave uranium is a simple and straight forward process:https://www.wqpmag.com/uranium-removal-ion-exchange