Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Fortune Minerals Limited (TSE - FT) -- Ignore unavailable to you. Want to Upgrade?

To: Dave R. Webb who wrote (525)	12/4/2000 3:33:17 PM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 612

Dave, please check your numbers. Doesn't a billion come before a trillion? Isn't a trillion 1000 times bigger than a billion? Could you check this before responding as your formula looks right but there appears to be an error somewhere? Do you have fat fingers like me? This year the USA will consume less than 12,000 tonnes of cobalt which had a market value of about US$370 million. The rest of the 28,300 tonnes is worth about $600 million which is somewhat less than value the worlds gold production by a factor of 40 or so. Also, the medium to long term price of cobalt is forecast to decline as potential supply far exceeds demand even if cobalt consumption grows at 6% a year for the next 20 years or so. Nobody's going to provide long term capital under these circumstances in my view.