RE:LG Deal - 19,000 tonnes The deal is actually 19,000 tonnes of cobalt contained in cobalt sulphate, not 19,000 tonnes of cobalt sulphate. 20.5% cobalt content in cobalt sulphate, meaning 92,000 tonnes of cobalt sulphate = ~CAD700M price that TM tweeted earlier.
You can email ELBM to confirm, but Im fairly certain this is the case.
But do not assume 50% margin. Refining margins are very small, maybe 5%.
# shares outstanding will increase by about 19M after the private placements are completed - est. this week.
$60M in debt is convertible into shares, up to 55M more shares can be distributed in this manner.