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Although I firmly believe that the Vulcan prospect has enormous potential, the slump in base metals prices, specifically the iron ore and copper prices, have rendered this prospect currently not economically viable. Therefore it makes no sense to proceed with this project any further. Should the iron price move back up to US$100 per metric ton (currently aboutUS$55) this would return Vulcan back to economic viability and thus warrant further exploration and development of this exciting propect. Having said all this, EdenCrete is TAS’s Vulcan prospect and as such all of TAS’s resources, both capital and personnel, are best invested 100% in EDE and EdenCrete.


May I add that IO just moved to US$ 70.--, roughly 30% higher. And the cobalt MrTthirsty project
(50/50 BAR/CNJ) might see some movement rather sooner than later. For me I prefer TAS over EDE, TAS even gives me indirectly some lithium exposure.

Holding some EDEO and quite a few TAS.

MB thanks again for all you have provided on HC