Ann: Announcement by FE Limited, page-4

Spot on here Stash my old partner in negativity.

A great promotion of a potential cobalt asset but we are still looking at a very speculative play here. No drilling results, no offtake agreement and more importantly, no capital.

Will be a hard sell to raise capital if these drilling results are poor. The EUR euphoria will subside and we will be listening to the silence of sage at the 2c mark.

Actually hitting the target quantity will push CFE and FE into the double digits.

Good luck to all involved