Re "As for KCC next door they are embroiled in a nasty pair of lawsuits with Gecamines and their former Israeli partner and i am not sure of the outcome; the stakes are very high. The end result of this battle will influence me in buying or not into TAR unless you can convince me there is limited risk of a same fate with TAR":
Well although others here are more competent than I to give a technical answer, still as a historian my overall impression is that the situation reminds me of how Texas (in my native country) suddenly developed from a poor outpost of the former Spanish Empire into one of the richest states in the USA (several decades after we took it as a war prize from Mexico, fairly in a war the Mexican tinpot dictators started, and btw until the mid-1800s virtually the only non-Indian inhabitants of Texas were American settlers, NOT White Mexicans!): The discovery of a crude oil gusher in 1901, precisely at the beginning of the mass-production of automobiles. In other words I foresee a similar development in Congolese cobalt at this fortuitous time of developing electric automobiles, that the ample raw material will inevitably attract the necessary infrastructure.
TAR Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
