CALVF $2 billion revenue from deal
They are going to sell the Chinese refiner a minimum of 21,000 metric tons. 1 metric ton is equal to 2,204 pounds. So in total they will sell the Chinese refiner a MINIUM of 46,284,000 pounds of cobalt. The current price of cobalt is $44/pound, so multiply and you get the total deal is valued at $2,036,496,000. Unbelievable deal, and this is the bare minimum. This stock deserves to be trading significantly higher-- no wonder why all the volume today! We should see a run and gapper tomorrow no doubt.
