Cobalt exposure

this seems like a near term production with decent cobalt grades.Many cobalt explorers don't even have this higher grade ,still their star price is appreciated...the below posted is from 10th october announcement.

"Previous drilling at the Sconi Project, for example, identified a cobalt-rich zone within the scandium ore body where historic intersections included:12

•   22 metres @ 0.85% Cobalt from drill hole KK-011
•   35 metres @ 0.33% Cobalt from drill hole KK-049
•   32 metres @ 0.20% Cobalt from drill hole KK-284 and
•   27 metres @ 0.40% Cobalt from drill hole KK-566"

• 
  
  "Drilling at the Company’s Flemington Project has similarly returned relatively thick intersections of cobalt mineralisation, including:"

1. •   14 metres @ 0.21% Cobalt from 6 metres in drill hole SY1413 and
   •   9 metres @ 0.21% Cobalt from 10 metres in drill hole SY5614.

As we are progressing with our binding agreement ,and cash for doing the job this seems exciting to me.. many are holding back for it to retrace a bit and that doest seem to happen.

Good strategy that they are only issuing 2 for 11 basis and providing us enough time to decide (until 31 /03/2017 )..an thats them indirectly saying us that the scoping study is so far excellent.
Do your own research guys...
One thing is sure  they will raise enough cash to move on..