The voices in my head have been telling me for a fair while now that Mr Sage is going to pull it off this time. He's gotten rid of the mess (Previous business partners/major shareholders), is trying to clean it up and get back what belongs to the company with the court case on Timmis.
I recon he's going to go off, maybe spend some cash in the process, I see he's good at that, but hey, if you built a business from ground up or even had the know how & contacts to do it & worked hard devoting your time to it, wouldn't you want to be living in luxury, a person doesn't carry that much weight on their shoulders for little reward, & I'm sure most of it is above board, and whats wrong with sponsoring soccer .
I'm waiting for the day they kick the Kipushi plant in the guts and she starts pumping out near on pure cobalt from the tailings spill just down the road, a great way to start, ready processed just needs washing, separation, & sale @$56000/T.
I'm feeling a bit sorry for the ones that need to fully construct green field sites, mine the hard rock, transport, process, sale (or sale raw). And end up with mostly copper and a little cobalt, although I am sitting on RMX as well, just as a backup.
Then there's the cobalt/Nickel plays, Nickels not going to be worth too much once they all start digging it out of the ground to get to the cobalt, big glut of Nickel spells uneconomical mine=no Cobalt=failure. Copper on the other hand is in demand & will be needed in copious amounts for the clean energy revolution, I'd predict copper will be in as much demand as Batteries (Lithium/Graphite & Cobalt); every single cable, wire, electric car, motor, household solar setup, wind, solar generation farms & control systems, they all need copper and most of the high output current equipment like cars & power generation systems need big fat cross section copper, 10mm CSA, 25mm, 50mm lots of it, a mountain compared to what has been needed in the past. I can see copper pushing up to $5USD/lb at some point over the next five years. And just something to ponder, most of the copper cores are tinned with Tin
CFE have near on pure cobalt by the look of the tailings colour and that Cobalt is going to get to market a lot quicker than most of the others, the quantity at Kipushi alone should push the Market cap up to $200M, then there's Zambia & the copper/Cobalt greenfield site in the DRC to get ready before the Tailings are all used up which won't be for a very long time anyway.
So the million dollar question: Will T.S keep all these resources as part of CFE and become the Fortescue of the Cobalt world over the next 5 years or will he sell it off for a quick profit? Maybe now the company is all cleaned up and basically owned by T.S he might just keep it, grow it and leave a legacy. Sounds like a plan to me, that's them voices in my head again.
CFE Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held