Ann: Drilling commences at Kamilombe and Mwilu Projects, page-43

Well we are going from the sublime to the ridiculous on this stock....

TAR now trading at 1/3 the value of both WFE and EUC.

The market really doesn't know how to value TAR thats for certain.

TAR - MC = $23 Million with 7 tenements all highly prospective for high grade Cobalt situated next to the 2nd largest Cobalt deposit in the world ( KCC 400.000 tonne). I firmly believe Klaus Eckhof found us the best high grade Cobalt ground available in DRC currently!

WFE - MC = $64 Million and has agreement with Airguide as Strategic Advisor to tie down off take agreements of Cobalt once they secure a 'mine ready Cobalt play' in DRC ( if they can find one better than TAR).

EUC - MC = $69 Million and underground drilling currently underway at their Ni-Co play in Slovakia.

So WFE effectively have no tenements and an agreement with Airguide to fast track off take agreements in Asia once they do eventually find a suitable Cobalt play in DRC, yet their MC is triple that of TAR who have 7 Cobalt tenements all showing potential to contain high grade Cobalt and some Copper situated right next door to one of the largest Copper/Cobalt mines in the world with infrastructure in place and the market still can't value TAR realistically. We are only 2 weeks away from niton assay results being released, yet the share price has dropped 35% in the last month.

EUC has $19 Million cash in the bank , so even if you take that away, their MC is still double that of TAR and whilst they have an existing historical high grade Ni-Co mine to work with, theres no proof that they will find a commercially viable resource that warrants their current MC. EUC ran up to a $250 Million MC on hype last year only to collapse when drilling failed to find worthwhile Nickel or Cobalt.