RE:RE:RE:Sleepy Sundays - article - Cobalt demand 2024-2026Let's be honest, I consider the feasibiity study wildly out-of-date considering the project changes, inflation and interest rate increases that have been occuring. I don't think a rational investor would rely on its conclusions given that it is almost 10 years old. Do you honestly trust the information contained in the FS?
The scary thing is that the unsecured loans that were recently extended have now been converted into secured loans. I wonder who holds these loans? The interest rate appears to be 10% per annum now. The ~4 month loan duration increase will cost almost 400 K. This is almost 1/2 the cash on hand.
I'm not sure why they are messing around with engineering assessements and design elements. They are virtually out of money.