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Wheaton Stuff & Things (WPM) and the price of cobalt

This humble corner of cyberspace wonders out loud whether the great and the good sitting in the C-Suite at Silver Wheaton (SLW) Wheaton Precious Metals (WPM) Wheaton Stuff & Things (WST) have seen the price of cobalt recently:
Look, I may think that new fangled Cobalt27 thing that took the U$300m chunk of the stream is a waste of time and money, but at least you’re going in with eyes open on that if you decide to buy into it. Want to speculate on the price of cobalt? Step right this way, madame/kind sir. But WTF is Wheaton Precious Metals doing here? Did you bother considering the three words in your corporate title? I mean, you guys were claiming a skinny 8% IRR at the spot price at the time, how’s that looking now, Randy? 
References include the June 11th NR here, and the necessary LME page here.

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