Cobalt spot prices were slightly higher for the month, LME inventory was slightly lower. Cobalt price to continue rising over next three years – Fitch Solutions.
The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments.
“If you believe that gold prices are only in the middle of a new longer-term bull market then gold miner shares are just far too cheap at today’s prices,” Felder says.
Perhaps sentiment is making a tentative return, with good news stories turning the dial for several ASX gold stocks – including an IPO -- over the past week.