TAS undervalued - EDE and CNJ Interests

TAS is currently undervalued for at least 3 reasons:

1. TAS value from EDE now about $147m based on SP of EDE today- TAS owns approx 39% of EDE. Now that EDE is trading at 25.5 cents, the value of TAS's share would be about 37.26 cents. This extrapolates from this Ann on 30 June "Based on the last traded prices on the ASX of EDE ($0.195) and EDEO ($0.165) on 29 June 2017, this investment had a market value of $113 million, which is equivalent to 28.5 cents for every currently issued TAS share."  

2. TAS also has 19% interest in CNJ (value approx $330 million) that, unlike EDE, TAS is not announcing every time there is a CNJ update. CNJ's current mcap is only $12m but this is massively undervalued based on the updated resource of Mt Thirsty cobalt nickel Project. Cobalt resource is about 31.9m tonnes at .13% cobalt with estimated value of A$3.5 billion using current price USD 60,000/tonne. 50% of Mt Thirsty or $1.75 billion is attributed to CNJ, and 19% is $330 million.

3. TAS has a large mining tenement which is attributed zero value in the SP. some of these can be sold later if TAS so decides.

Cheers