SOURCE: Streetwise Reports

The Energy Report

September 20, 2017 08:45 ET

Streetwise Reports Examines How Cobalt Pure Play Offers 'Unique Exposure and Leverage'

SAN FRANCISCO, CA--(Marketwired - September 20, 2017) - Numis initiated coverage with a buy rating on this "dedicated cobalt investment vehicle."

Included in this article is: Cobalt 27 Capital Corp. (TSX VENTURE: KBLT) (OTC: CBLLF) (FRANKFURT: 27O)

Numis Securities launched coverage on Cobalt 27 Capital Corp. in June. Analyst Jonathan Guy noted that Cobalt 27 is a company that "provides direct exposure to the metal through a combination of physical cobalt holdings and a series of royalty agreements with companies that hold an interest in cobalt projects."

The thesis on this minerals company includes the outlook for the current situation of "constrained supply in a high-demand growth environment," wrote Guy.

Supply is "relatively inelastic" because cobalt is primarily produced as a byproduct of copper and nickel mining, the analyst explained. "While there are 6,500 tons of idled capacity that could be brought back into operation, there is a lack of major new greenfield projects that could be brought into production."

Continue reading this article: Cobalt Pure Play Offers 'Unique Exposure and Leverage'

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DISCLOSURE:

The following companies mentioned in this article are sponsors of Streetwise Reports: Cobalt 27 Capital Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.

The full disclosure is provided at the end of the published article: Cobalt Pure Play Offers 'Unique Exposure and Leverage'

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