Fair few new posters on here with CFE so thought I would once...

Fair few new posters on here with CFE so thought I would once again post my views on this stock

Great value at the moment given the increase in EUR has added 7 million to the balance sheet in the last week or two.

Target Share price CFE – 29/11/17

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Cobalt Price US $ pt / Production tpa	3000​	3500​	4000​	4500​
1	50,000​	0.086​	0.101​	0.115​	0.130​
2	55,000​	0.099​	0.115​	0.132​	0.148​
3	60,000​	0.111​	0.130​	0.148​	0.167​
4	65,000​	0.123​	0.144​	0.164​	0.185​
5	70,000​	0.136​	0.158​	0.181​	0.204​
6	75,000​	0.148​	0.173​	0.197​	0.222​
7	80,000​	0.160​	0.187​	0.214​	0.241​
8	85,000​	0.173​	0.201​	0.230​	0.259​

Share price forecasts assume US AU exchange rate of .75
Calculations have been made assuming a 50% earn to CFE based on their JV agreement
A conservative price to earnings multiple of 3.5 x has been used and represents significant upside should the market value at a higher multiple.
Calculations assume a AISC of US $15000 / Tonne