This is hands down now the best Cobalt / Lithium play on the ASX.....
An AU $59 Million market cap with over $30 million in listed securities of which $15 million in an Austrian Lithium play... PLUS as you say AU $30 million (replacement cost) plant in position.... You are paying absolutely nothing for Kapushi Cobalt project.
ADD to this the ability to be first to market and the ability to be producing in 2018 and you have to be swayed....
CFE finished at 7 cents on Friday in Europe and EUR continued its strong run back towards AU 30 cents equivalent.
I've no crystal ball but I can only see it being under 10 cents for a few more trading days with a $120 million MC taking the SP past 13.5 cents.
Muller has been an excellent addition and remember his options exercise at 7.5 cents so anything under this is a huge bargain IMO.
ANY news on top of this could put a price tag of 20 to 30 cents in place immediately.
GLTAH and a happy new year to all investors.....
CFE Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
