In order to establish a cost of production in US$/lb equivalent Cu, Cobalt is considered as a byproduct  of copper production and therefore is accounted as a decrease in operating costs
One metric tonne is 2204.6 lb avoir du poids       2 204.6  
loans
$/lb $/mt leverage % 50%
copper price           1.10           2 425   duration years                             10  
cobalt price         10.00          22 046   interest 12%
DRC & communities incl royalty & lease tax rate 30%
transport cost from mine site to shipping at Durban RSA is estimated to be 338.5US$/tonne of metal
Phase 1 Phase 2 Phase 3 Phase 4
years 4 thru 20
G&A costs k$        19 596          15 579             17 392                            11 913  
G&A costs k$ as % of technical costs 24.2% 10.2% 8.6% 7.2%
replacements are considered to be required from year 5 thru 20 at a total cost of 2 312 630 000 US$ which represents 3.4% of the initial equipment of years 1 thru 4. Thus 70% of initial equipment is replaced from year 5 thru 20.