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Engineering360: "Investor Alert: Look to Cobalt"

05/03/2017 3:41 PM

Read Engineering360 article: Investor Alert: Look to Cobalt.

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Guru

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#1

Re: Investor Alert: Look to Cobalt

05/03/2017 5:59 PM

Pure source?

..."cobalt is found in the Earth's crust only in chemically combined form, save for small deposits found in alloys of natural meteoric iron. The free element, produced by reductive smelting, is a hard, lustrous, silver-gray metal."...

https://en.wikipedia.org/wiki/Cobalt

The Idaho cobalt belt is notorious for polluting the salmon streams and killing the fish, and fouling the local drinking water....any mining operation is watched closely by the greenies...and there are numerous government mandated clean-up operations going on....This stock sounds like a penny pump and dump operation....I wouldn't touch it with a 10ft pole....

https://link.springer.com/article/10.1007/BF00190377

http://www.hcn.org/issues/41/1233

https://finance.yahoo.com/quote/sctff?ltr=1

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#2
In reply to #1

Re: Investor Alert: Look to Cobalt

05/03/2017 8:34 PM

Iron creek estimates 1,279,000 tons at .59% cobalt...

https://www.pressreader.com/canada/stockwatch-daily/20160727/281973197017768

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#3

Re: Investor Alert: Look to Cobalt

05/04/2017 10:58 AM

This issue crops up from time to time. It was the same in the 70's when the Rhodesian cobalt mines were flooded during one of the local wars. There was a huge reserve in Wyoming and Colorado, but was locked up under wilderness protection. The metal is there, but we won't allow ourselves to get it, even if the method is environmentally responsible.

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