First Cobalt Corp
Stock Price: $0.771
Market Cap: $156,000,0001
Cobalt company with past cobalt and silver producing properties in Ontario with a 7,000 tonne stock pile sampled @0.95% Co
1. Pending announced transaction
Qunatum Cobalt is located in the epicentre of past producing cobalt mines in Ontario. With two past producing mines on the properrt and historic assays of 8.76% cobalt, Quantum Cobalt has significant exploration and development potential.
First Cobalt Corp., a comparable cobalt exploration company, is located near Cobalt, Ontario with past producing assets has a market capitalization exceeding $156MM (pending transaction).
Based on current public market comparables of cobalt exploration companies in Ontario located near past producing properties, Quantum Cobalt has significant upside potential.
At a $10,041,000 pre-money valuation, Quantum Cobalt will be trading at a discount to public market comparables, with multiple catalysts on the horizon for upward valuation adjustments.
Quantum Cobalt will be well capitalized and positioned to accelerate its growth strategy to become a dominant player in the cannabis sector
1. Based on financing price on private placement. Share count inclusive of pending Kahuna cobalt property deal
2. 500,00 units with a common share, 400,000 flow-though units