Ann: KALONGWE PROJECT DELIVERS SIGNIFICANT SCOPING STUDY OUTCOMES, page-6

Not to forget 42,000t cobalt. The cost of production will reduce substantially, if you take cobalt production into considation.  Currently, cobalt costs about US$13.7 per lb and price will go up in next 5 years. As per yesterday article, cobalt industry gathers in toronto, the  supply seems to lag behind demand by around 12000t in next 5 years.
Source:
http://blog.metal-pages.com/2015/05...thers-in-toronto-at-pivotal-moment-for-market

The main problem with this company is that they are drifting from one project to another without finishing it and poor commuication. This lead to dilution of shares at low 5c quarter after quarter. The company might process with work, turn $20-50-100m MC but share will stick at 5c. It will not be any use to long term holders. The management need to learn from TON and how they raising capital at higher price. Interesting to see volume of trade picking up for last few weeks