So a company that i follow, but not that hooked yet has released...

So a company that i follow, but not that hooked yet has released results this morning on their cobalt project. I like to keep track of comparable plays to give me a sense of where things are at in terms of market valuations and general sentiment, blah blah. Anyway.... interesting comparison after their first first results given they don't have any near term production as far as i'm aware... the MC's seem to be waaaayyyy off imo  i also am not critiquing HCO if anyone holds there.
  



There are credit minerals such as platinum, magnanese, etc that i have not included as it gets very hard to compare apples and mangos. However, it does provide, i think, some insight into what has and hasn't been valued regarding ANW's assests. Is it possible that our entire MC is drawn off our cobalt play ?