I would class Tolga as the best promoter around at the moment,...

I would class Tolga as the best promoter around at the moment, he has the presence to captivate small and deep pockets alike and is overall a very likeable, trustworthy guy with a great track record.

But promoters are like great surfers, they need waves to ride.  

Right now there's few bright spots in the mining spec category.

Cobalt is still sort of warm but barely moving.  

Nickel sort of looked interesting but not really much in the way of a wave for the promoters to surf.

So without a quality cobalt asset you aren't going to get cobalt love, and the flight to quality will only intensify over next few months during tax loss season.

So in this phase of the market, I think the best project is the loudest voice.

A project with a low capital barrier and very high economics is attractive, a project with blue sky thanks to extremely high quality exploration ground and the potential to jag a high grade ore body and surprise the market.

A project with financing expert, mining engineers and geologists steering the wheel.   Who collectively couldn't sell lemonade on a hot day as "promoters" but own the majority of a deposit that the cobalt chemical downstream market badly needs and will have to pay up for, because this group of heads down workers are planning to build this thing and take it into production. If they weren't planning to build they wouldn't have announced the contracts last week, would be a total waste of money otherwise.

Or we can look at a chart.

Mug punter following the great promoter - down 65%.

Mug punter researching the best project - up 120%.