Sleeping Giant

Haven't posted for a while with CFE - have just been waiting patiently in the background but I'm cautiously optimistic about the next 12 months.

CFE has certainly been performing poorly of late and TS' communication skills are certainly not the best. This is the cheapest CFE has been using certain parameters.

At current prices there is around 1.8 billion dollars of cobalt in the Kipushi tailings and a further 150 million worth of copper. The processing plant while in need of customising (circa $5 million) is in place. Cobalt sitting at AU$120,000 tonne. General manager appointed at Kapushi and PFS due for the leach / extraction plant.

Removing the value of CFE's holdings in EUR, CXU and FEL the current stand alone value of CFE is around AU$14 million or just 1.6 cps. That's certainly not much for the resource present. CFE has been a bit of a dog share over the past 4 months losing more value than I would have thought possible. BUT every dog has it's day and I think the news flow is about to improve for CFE and those who have been patient are in for a nice ride as the market re rates this to production status.

With an off take agreement this will surely head north and that IMO is not too far away.

Great to see The Raven holding the fort over the past 4 months and keeping us informed

Have a great week everyone
Cheers Rb