Short Term Trading Week Starting: 26 Mar, page-111

Keep an eye on TAR could be in for a significant rerate......

Cobalt currently trading at US$94,250.00 or AUD$121,500.00 per tonne.

Here are a few Cobalt stocks to compare MC.

WFE  = $42 Million ( waiting on Cobalt project acquisition DRC).

EUC  =  $77 Million.  (Europe)

CLA = $83 Million. (Namibia)

COB  = $149 Million.  (Australia)

TAR = $30 Million. (DRC)

Plenty of upside for TAR currently from these levels. Only 115 Million shares on issue, tightly held stock. I can't find another ASX listed stock that has Cobalt grades that come anywhere near what TAR has from historical drilling, especially the widths of 26m to 46m and close to surface grading 2% to 3% Cobalt,

Dry season now kicking off in DRC. Will be good to see management fast track drilling to reaffirm historical drilling grades.

I particularly liked managements proactive assertion on moving to mining actual Cobalt in the near term.

''The Company is in discussions with the vendors of Mwilu for possible early stage production at shallow levels on the two projects.''

This could quickly provide income revenue for the Company by targeting the high grade Artisinal Cobalt at surface that we know has graded up to 13% Cobalt.

''The area is currently being mined at shallow levels by artisanal miners who are providing cobalt ore to the Consortium, the sale of which is used to fund ongoing development projects in the Lualaba Province.''