Ann: TMT Delivers robust **anintha pre Feasibility Study, page-148

I chose PLS to compare as its Lithium (and has benefited from the boom in Li) with a similar resource size etc. When it was 5c (market cap just over $32M it had a JORC of 23MT and exploration target of 60-80MT.

It then quickly rose up to 12c. so its market cap hit circa $75m with that JORC and an expanding resource.

I'm confident that when the market catches on that Vanadium batteries will be deployed globally for grid storage and its just as exciting in this battery revolution as Li is - and TMT will be bringing a high grade mine to operation in / around 2021 - then I think TMT can achieve at least the same market cap and probably higher..

TMT needs that market cap as much as we all want it anyway, if its gonna finance this thing without giving away 90%.