Ann: Update on Cobalt Offtake and Funding Negotiations, page-110

I am more concerned that the money is almost gone (see last quarterly) and no off-take deal is in place. No indication if and when mining will commence at these Cobalt resources.

It is well over 6 months now that CFE have been in Cobalt mining and there is no real indication to the scale, timeline or finance for production. It is looking more and more like a vapour deal, slowly turning to air, so no wonder the market is seeing it as such a high risk investment.

Hopefully the brave few that have will benefit greatly if something does materialise.