CFE"s Business, page-3

It has been his business in the past ND but I really feel TS might be setting this up as a cash cow. He has acquired an asset for CFE which is SIX months from production of 4000 TPA of Cobalt @ US$56,000 tonne (x 50%). I think he might run with this one for at least a full reporting season before looking for a buyer. That being said I have scoured the ASX for Cobalt companies nearing production and this is the closest by 12 months so I imagine there will be plenty interested in buying CFE in the near term.

The MC is the interesting thing in play here, Way undervalued at the current SP with a realistic SP being 450 Million based on the above figures and an exchange rate of US .75 cents - AU $1. This project is a gem in the crown and the MC doesn't include any of the other assets which CFE holds. IMO the SP will be 30 cents by the end of October if this occurs it allows for a nice Cap raise with minimal dilution to take the project right through to production.

This Project is gaining a lot of legs and Shareholder support and is extremely close to production compared to its peers. The true value is not unlocked yet and as the market re rates CFE we will hopefully see some large SP gains. I just hope that TS doesn't flip it too early and realises the majority of it's true value first.

GLTAH