Neil_
Active Member
- Joined
- Jul 21, 2016
- Messages
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- HSC
- 2017
Mining boom 2.0?
Cobalt?
https://finance.yahoo.com/video/battery-boom-drives-vale-sign-002105939.html
"The cobalt price smashed all expectations in 2017, soaring 130% and is now at multi-year highs in excess of US$94,000/t." - https://www.nextsmallcap.com/asx-stock-take-advantage-latest-cobalt-boom/
Ardea resources owns the largest amount of Cobalt reserves in Australia. Current price is $0.64.
Keep in mind BHP was it $0.22 in 2002, now it's at $34 a pop. = 154.545455x increase.
Good buy? Bad buy? Yes? No?
Cobalt?
https://finance.yahoo.com/video/battery-boom-drives-vale-sign-002105939.html
"The cobalt price smashed all expectations in 2017, soaring 130% and is now at multi-year highs in excess of US$94,000/t." - https://www.nextsmallcap.com/asx-stock-take-advantage-latest-cobalt-boom/
Ardea resources owns the largest amount of Cobalt reserves in Australia. Current price is $0.64.
Keep in mind BHP was it $0.22 in 2002, now it's at $34 a pop. = 154.545455x increase.
Good buy? Bad buy? Yes? No?
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