Fabled Silver Gold Corp T.FCO

The value of ecobalt's mine

[17Digger]

Ecobalthas only explored about 7% of ICP property.

That %7 is estmated in the following table from their annual report covering all categories. at 107 million pounds of cobalt which they can produce for about $5 a pound after receiving offsetting credits for gold copper etc,.
That is about 535 million dollars cost onerseveral years to produce cobalt income worth several times that cost amount.

The number of shares ultimately outstanding and the cobalt sales price are still unknown but you can easily do the math to show a hugely valuable Ecobalt mine is nearing completion.

Even at this point the amount of estimated cobalt per share is over 1/2 pound from all estimated categories and there is much more to explore.

That great value is why there is now an attempt underway to take over Ecobalt at a fire sale non cash price.


Table 1. 2018 Updated Mineral Resource Estimate for the Idaho Cobalt Project(3)(4) Category Resource Co (%) Co Cu (%) Cu Au (oz/t) Au (M tons) (M lbs) (M lbs) (oz) Measured(1) 1.50 0.66 19.9 0.78 23.6 0.017 26,000 Indicated(1) 2.37 0.54 25.8 0.89 42.2 0.018 42,000 M+I 3.87 0.59 45.7 0.85 65.8 0.017 68,000 Inferred(2) 1.82 0.46 16.7 0.81 29.4 0.015 27,000

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