Most Undervalued Sulphide Cobalt Compared to ASX Cobalt Peers-Next Cobalt Black Horse, page-11

No, I compare it by the figures we have already discussed about whether or not it will be economic or not. I own a decent amount of share because I think it will be. Whether the JORC is 40mt or 112mt, I don't really care. We can either dig it up/process for much less than we can sell it for or we can't. Plenty of ASX companies have huge existing resources but are near worthless because they aren't economic, just look at most companies with huge uranium resources.