Global Cobalt Corp GLBCF

GEMC

[Dirt2Oil13]

They have been working on getting re listed for some time paper work has gone back and forth a number of times.Exchange always asking for more information. Company assumed they would be listed before 43-101 for Werner Lake was complete but it maybe a tie. Expect to get infor soon as in before end of year.No word on GCO accounting that should have taken 3 weeks going on 5 months.Seasons Greeting to all.Dirt2Oil13

[DRYOASIS]

Thanks for the update Dirt, maybe the Russian's are dragging their feet in anticipation of higher cobalt prices ... EBRD is more then likely calling the shots and I imagine (being a multi-billion dollar organization) that if they wanted accounting done immediately, they would get it.

[Dirt2Oil13]

ERBD not in control they only make loans as a minority they have 24 people on there board all from different countries.Alway have a clear exit strategy and plan for repayment.They have been in business since 1991 and have loaned out 110 Billion dollars.IMHL owns or controls at least six different companies and is the one calling shots.The fact Invest project in putting no serious pressure on

[DRYOASIS]

Thanks for clearing things up and yes the price of cobalt is the major factor here and its expected to keep rising in 2017 and beyond. I think PS said Warner Lake would be profitable at $18/lb, do you remember what price Karakul was said to be profitable at ?

[Misbrandt]

open pit mining of karakul was projected to be pretty cheap ($4 a ton from ground to ore). even at the low end of results at a measly 0.1% that gives some decent breathing room. actual all in cost is probably higher too though.... regardless, at $14 a pound cobalt open pit karakul was NPV 1.2 billion. Targeted deep drilling left it at $400 million (higher cost all in).