Jim Rogers is well known as ‘The Commodities King’, he co-founded the legendary Quantum Fund with George Soros and authored two highly respected investing books - Investment Biker & Adventure Capitalist. Mr. Rogers is very bullish on investing in Russia having been quoted in numerous publications as saying Russia’s leader, president Vladimir Putin, wants to shake his thug KGB image and Russia stacks up as a good contrarian play.
I have to agree with Mr. Rogers in that I believe Russia has at least one good investment, one for strategic and critical metals (including cobalt) hungry resource junior investors.
The company’s name is Global Cobalt Corp. TSX.V: GCO and it has recently started trading after a considerable halt, amazing project acquisitions, and a name change from Puget Ventures.
Global Cobalt is going to fast-track development of its world-class Karakul Cobalt Project in the Altai Republic of Russia’s southern Siberia. Having historic Soviet C1+C2 resources estimated at 14.98 million tonnes of 0.28% cobalt equivalent Co eq. (0.21% cobalt Co; 0.09% bismuth Bi, 0.44% copper Cu and 0.11% tungsten WO2) with additional P1 resources of 46 million tonnes containing 82,800 tonnes of cobalt - all non NI 43-101 compliant - the Karakul Project has the potential of being the largest known primary cobalt asset outside of Africa.
Global Cobalt also plans to bring on stream a solid pipeline of other strategic and critical metal projects creating a mining district with enormous potential.
Four additional assets, collectively known as the Altai Sister Properties (cobalt-tungsten), have been optioned for acquisition by Global Cobalt. The proximity of the Sister properties to the Karakul Cobalt Deposit adds the possibility of an extension to the main ore bodies providing significant upside to the creation of a new mining jurisdiction in Altai.
read more http://aheadoftheherd.com/Newsletter/2013/Global-Cobalt2.html