Let's not forget Kipushi is CFE's main game, near term Cobalt/Copper production in 2018.
As per the last quarterly, once the 2nd lot of sample concentrates have been analysed by the interested trading companies, off-take and funding agreement discussions will follow. I noted that Sagey has been in New York this month, I know it could be for any one of the companies in the stable but at least one of the metals trading companies is said to be from the US. Here's hoping for a massive 2nd quarter announcement then boom, up we go.
In the meantime whilst we wait, the company has an extra $2 million from the capital raising to go full steam ahead, with the newly appointed SLM management, to complete the engineering review and keep project development on track. Exciting times.
EUR and FEL whilst fantastic if they can have success and go up in value, I see them as added bonuses, not the be all or end all.
This is a perfect opportunity to buy more CFE.
CFE Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
