Ann: Drilling commences at Kamilombe and Mwilu Projects, page-35

Is TAR undervalued?

TAR - MC = $24 Million.   DRC.
CFE - MC = $30 Million. DRC & Zambia.
BSX - MC = $43 Million.  Canada.
NWC - MC = $44 Million. North America.
WFE - MC =  $55 Million. DRC.
EUC - MC =  $71 Million. Europe.
NZC  - MC =  $80 Million. DRC.
CLA -  MC =  $135 Million. Australia
COB -  MC = $145 Million. Namibia.

EUC commences drilling in Europe and MC jumps by $20 Million in value. WFE valued at over twice the MC of TAR with still no Cobalt acquisition on hand.

TAR
Four of the historic holes drilled by previous owners, KCC and Gecamines at Kamilombe, will be twinned for a total of 910m. Historic drilling results reported in the ASX release on 1 March 2018 included:

o 26.5m @ 2% Co and 1% Cu from 78.1m
& 32.2m @ 3% Co and 0.5% Cu from 209.6m
o 33.6m @ 2% Co from 77.93m
o 46.8m @ 2% Co from 7m.

None of the above listed Cobalt exploration companies can match TAR for high grade Cobalt grades over the substantial widths and close to surface, yet our share price languishes whilst some of the others substantially rerate mostly on hype!

Can anyone find another Cobalt stock that has 46 m of 2% Cobalt from 7m at surface????

Cobalt currently trading at US$89,750 / tonne.

TAR will most likely be first mover of all ASX listed Cobalt stocks to start production albeit on small scale high grade shallow Artisanal mining, but it will be in production and creating income long before all the other above listed ASX Cobalt explorers none of whom will be in production before 2020 at the earliest!

TAR MC should easily be above $50 Million at this stage compared to above listed Cobalt stocks IMO....