Thank you Vmuch Kelbys for your detailed reply. I am following closely the legal battles of KCC as it may affect Cobalt prices if it takes a turn of the worse. I like the comments by Mr Eckhof. He indeed summarises v well the whole scenario. I believe TAR will end up with at least 0.5% Cobalt grade ( like Katanga); as for the size mineral resource it is still early days. but it looks promising. The sovereign risk is the key : A president whose mandate has expired for more ethane a year, mini war in the north east, Ebola emerging in the N west etc..The situation can change v quickly ( remember how fast Mobutu lost control). Can you stomach it or not ? Can u cope with moving goal posts or not ? Already the drill rig is stuck at customs and the company had to find an alternative which I suspect is more expensive , otherwise you would have used it as a first choice. I would think that only a chinese company would take the risk to invest the hundreds of million required for a processing plant in the current context in DRC . I believe it is only if you do it yourself that u can obtain the big profits..Please correct me if i am wrong.With DD and drilling results a few weeks away, there is a bit of time to think. I like TAR prospects but the risks are really there that something will go wrong.
I came across another piece of info dates May 7th : see below key passages which would affect TAR eventually.
https://investingnews.com/daily/res...ada-drc-review/?as=1&nameplate_category=Daily
" The draft of regulations – clocking in at a decent read of 702 pages, has been circulating among mining companies operating in the Congo and retains mention of a “special tax on excess profits,” which takes a 50 percent share of profits when commodity prices are 25 percent higher than planned in a bankable feasibility study by miners.
The miners are clearly not getting through, as according to Reuters, the current draft makes no mention of a stability clause for miners –which under the previous code insulated them against changes to fiscal codes for up to ten years. It also gives the Prime Minister the ability to decree minerals as “strategic substances” which can have a ten percent royalty slapped on them.
According to the Prime Minister’s office, cobalt will receive that designation, and copper is being considered, which will do damage to miner’s bottom line.
News that Kabila’s government is not giving an inch on the new laws will pour salt in the wound for Glencore."
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Thank you Vmuch Kelbys for your detailed reply. I am following...
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