CBLLF - The Story Of Cobalt 27 Ends But There's Still Value Left

The Ramu nickel and cobalt mine, source

Introduction

In April 2018, Cobalt 27 (CBLLF) was the go-to investment for people interested in cobalt. With the metal's price hovering near an astronomical $100,000 per tonne on the LME, the company had accumulated 3,000 metric tonnes valued at $370 million and raised $200 million to invest in streams.

In June 2018, Cobalt 27 closed a $300 million stream for 32.6% of the cobalt production from Voisey's Bay mine.

And then, all came crashing down. Cobalt prices today are less than a third compared to April

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