Peter Grandich
Formation Capital Corp
FCO-T
BUY
May 19, 2005
Good management. Working on a Cobalt project in Idaho and is on the threshold of production. Not many places where you can find pure cobalt plays. Have a fair number of shares outstanding, but they have their mill and hopefully will get all their final permits.
The only junior in North America that is focused on cobalt. Cobalt is a story that's no one knows about now, but in the next 6 months, there will be a lot more talk.
About to bring a cobalt mine into production in Idaho. The only pure cobalt play in the US. Once their financing is done all systems are Go. There is a tremendous amount of exploration that has never been done on the project. Also have an interest in a uranium project.
Likes Cobalt. A play in the US. Working on the final permit, which if they get will make the stock really move forward. (Long term buy). Very undervalued if they get their permit.
Working on a very advanced cobalt project in Idaho. Every time it looks like all the permits are completed there is always a little hiccup. They are not able to start the mine this winter. Recent report indicates there may be a shortage of cobalt later 2009 and into 2010.
Cobalt, copper and gold deposit in Idaho. These types of deposits are extraordinarily price to cost sensitive. The low-cost cobalt producers globally are in the Congo. He prefers to be in the lowest cost area in the world.
One of the best cobalt deposits which is finally going to go into production in North America. A good part of cobalt comes out of Africa where there is unrest with companies being shut down. Cobalt has now come back on radar screens. High-risk/potential high reward. Also has an interest in the uranium play.