RE:RE:RE:RE:RE:Doing due diligence???
Mazz ,yes,we can all wish for cobalt prices to go through the roof,but theres other factors at play.My garage,(where i park my toys),is just a bit smaller then fcc's refinery.It looks great,but i see mutiple millions being spent to upgrade that facility to a level needed to process ore, beyond what is proposed.(millions needed for current processing as per projections).Used battery facility,to enhance project?,sounds good,but it worries me with outstanding share numbers?To me,at best,it sounds like a nickel and dime operation,ran by a mom and pop,then a multi million dollar conglomerate.Tens of millions are needed to see first production,(constuction),then you have the hiring of knowledable personnel,etc...etc...etc...wheres the money coming from...share issuance in the form of private placement.60 million dollars divided by 33 cents is in excess of 180 million extra shares.I see more dollars required then any projections made thus far.