So without those two concerns, the investment decision is made far easier and can be taken on the basis of market fundamentals. Cobalt 27’s contracts will be priced using the last two quotes for cobalt as published by Metal Bulletin, as will valuation of the physical cobalt ultimately held by the company.
Obviously, both traditional problems have the potential to disrupt the supply side, but the structure of Cobalt 27 offers an extra layer of insulation. As long as the company exists purely as a holder of product; that is, once it begins broadening its investments away from western port stocked material and moves further upstream,...
