If the project metrics stack up and the commodity is in high...

If the project metrics stack up and the commodity is in high demand then arguably there is every reason to believe a deal will get done - one way or another.

Even if the Chinese agree to a binding off-take deal without project finance Sage would more than likely put the finance in place or then again he could sell the whole project.

However the message from the announcements is that CFE wants to add cobalt projects and is looking at the bigger picture. Cobalt is forecasted to be in demand for years.

CFE shareholders have lost lots the SP is in the doldrums, my view is that at least with the cobalt project/s there maybe some chance of recovery. Next couple of announcements should be telling.