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Resources Stocks Down Under 14 July 2022: Cobalt Blue (ASX:COB)
Cobalt Blue: Persistence is paying off
We last covered Cobalt Blue (ASX: COB), the owner of the Broken Hill cobalt project, in August last year. The Cobalt Crash of 2018-19 resulted in many ASX companies jumping ship, but Cobalt Blue stuck with it and is reaping the rewards. Since 2016, it has completed substantial drilling and an optimised Pre-feasibility Study. And earlier this year, the federal government gave it Major Project Status, resulting in a substantial re-rate. Shareholders will have to wait until mid to late 2025 for production, but we think the wait will be worth it.
Click here to read the previous edition of Resources Stocks Down Under published 7 July 2022