Electra Battery Materials Corp V.ELBM

Alternate Symbol(s): ELBM

Metals & Mining Industrial Metals & Minerals

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It owns two main assets: the refinery located in Ontario, Canada and the Iron Creek cobalt-copper project located in Idaho, United States. Its projects include Ontario Refinery, Recycling, Becancour, North American Nickel and Iron Creek. It is in the process of constructing its expanded hydrometallurgical cobalt refinery, assessing the various optimizations and modular growth scenarios for a recycled battery material (known as black mass) program, and exploring and developing its mineral properties. The Iron Creek Project consists of mining patents and exploration claims over an area of 3,300 hectares.

TSXV:ELBM - Post by User

Electra Battery Materials Corp

Bullboard Posts

Post by Goldfatheron Jul 13, 2019 5:54pm

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Post# 29917364

Target Price : 70

Here’s a Cannacord target price below on First cobalt . Granted it’s in the fall of 18 ‘ but it addresses the Refinery , IC and the cobalt camp. They’ve written off the cobalt camp, and they also are forecasting an accurate Cobalt price of $15.00.
.70 without the GC deal....... if and when we get the GC approval, it will be very interesting to see what the new target price is . Even with cash flow, and revenue, I still think there’s going to be a price ceiling on it. And will need increased cobalt prices to take it up to the next level . But will be very curious to see what the target price will be with the GC deal, and revenues and cash flow ongoing. I’ll take a stab and say $.50 with cash flow, AND the current cobalt low price

https://www.resource

capital.ch/fileadmin/news/First_Cobalt_Corp/2018_EN/Canaccord_-_FCC_Initiation_Report_-2018_09_18.pdf

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