The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@backstroke_@pamplonaTrader not sure I would draw that conclusion on DRC. Cobalt as a by-product of Cu, and #RickRule is long DRC Cu ie $IVN Granted no cobalt at Kamoa-Kakula - what would $IVN be worth with Co!
Think his point is more that DRC/Russia are risky if you want to invest in real #cobalt projects.
@backstroke_@mineralised how many copper projects in DRC need funding, a few known ones including one announcing some funding in next day or so ;) #WildSpeculation
Sure the Chinese would like in with added benefit of cobalt, same with other near bankrupt project in Kipoi. Will be interesting to see what comes out in the wash.
@MiningBookGuy$ARL.AX - Broad sulphide intercepts from Lewis Ponds – additional information on visual mineralisation http://www.asx.com.au/asxpdf/20170316/pdf/43gtz643fpbnbj.pdf#zinc
Pre-Feasibility Study drilling now underway at Lewis Ponds, in parallel with KNP Cobalt Zone PFS program
• First diamond drill hole at Lewis Ponds has successfully intercepted over 50 m of massive, banded, and stringer #zinc sulphide mineralisation. Drilling is ongoing.
• Visible #zinc mineralisation intercepted from only 42 m downhole, associated with intense shearing, alteration and quartz-sulphide veining, suggests favourable bulk tonnage setting.
• #Cobalt-focused drilling to commence at Kalpini next week.
• Drilling approval received for Black Range in the KNP #Cobalt Zone, program to follow Kalpini #ASX-Stocks
@0Kib$NZC.AX v interesting #DRC#copper & #cobalt play. Some of the highest grades in the world for both. Near to the massive Kamoa/Kukula resource of $IVN. 90% float is institutional. Just raised another round of funding. Production planned to start by 2019. Some of their unexplored areas were acquired from $IVN in 2015. Very well funded. ~ US$40m market cap.
@0Kib$NZC.AX now has A$10m cash on B/S and no debt after latest capital raise that was oversubscribed. US$43m EV vs. US$4 billion insitu v high grade #cobalt and #copper resource with significant unexplored tracts of land next to $IVN Kukola/Kamoa. Less than 9% shares floating now, rest all cornered out of 230m shares outstanding
@0KibRC drilling on 24 holes happening next week at Kalpini. It is currently not included in the high grade resource by $ARL.AX Old records indicate a 40mt laterite ore with 1%+ Ni and 0.08% Co. Upgrades to high grade zone resource estimates likely after Kalpini drill results come out, probably next month. #cobalt#nickel
@0KibKalpini .."As with all cobalt-nickel mineralisation throughout the KNP Cobalt Zone, mineralisation at Kalpini occurs in subhorizontal bodies usually within 20-40 m of surface. The mineralisation has developed near to surface as particular ultramafic rocks have weathered and broken down over the ages. This style of mineralisation is therefore very soft and, given its geometry, is very easy to mine." $ARL.AX#Cobalt#Nickel
@PamplonaTraderWaterton Global just paid US$22.5m for 50% of the giant (but pitiful grade) Dumont nickel-cobalt deposit, implying a value of US$45m. Canada's RNX and Waterton are injecting another US$35m into the JV to make acquisitions. Together, the cash and implied value of Dumont should give the JV a market cap of ~US$80m. This versus ARL's fully diluted enterprise value of just US$30m. #nickel#cobalt
@0KibIsolated projects of $ARL.AX (yerilla for example) have NPV of US$200m+ while the flagship KNP had NPV upwards of US$1 billion the last time 95000m drilling was done. Yet market cap is but US$35m #Nickel#Cobalt#Zinc#Gold
@PamplonaTraderRick Rule calls Australian cobalt plays (with scale) an interesting compromise for investors who want to avoid political risky DRC cobalt and "lousy" Canadian cobalt plays. That leaves $CLQ.AX's Syerston and $ARL.AX's KNP. $CLQ.AX's is receiving ~4.5x the valuation of $ARL.AX on a fully diluted EV/lb CoEq basis. The relative undervaluation is more extreme when considering the re-characterization upside at Kalpini and other deposits not (yet) included in the higher grade Cobalt Zones. https://www.youtube.com/watch?v=dlUfA_VNQrg+#cobalt