Bullboard - Stock Discussion Forum 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... see more

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TSXV:ELBM - Post Discussion

Electra Battery Materials Corp > RedCloud / Oct 3rd

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Post by plimbo23 on Oct 10, 2023 11:40am

RedCloud / Oct 3rd

``Valuation - We maintain our BUY rating target of C$9.00/sh.
We value Electra using a DCF for its Cobalt Refinery, including the black mass operation, and an in-situ valuation
for the Iron Creek Co project. We had anticipated economic improvements to be made on the black mass
flowsheet, but we will await formal economic studies prior to making any changes to our existing DCF model.
The black mass operation represents an NAV of C$105 M or C$1.15/sh.``

https://redcloudresearch.com/electra-battery-materials-corp-tsxvelbm-black-mass-processing-to-continue-beyond-initial-9-month-demo-plant-run/

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