This is about the cheapest CFE has been in the past 12 months...

This is about the cheapest CFE has been in the past 12 months
Stand alone MC value for the kipushi project is circa $8.7 million with 4-5 million of upgrades required to fire the plant. For a project with some $1.5 billion worth or cobalt alone sitting in the tailings already mined and a further $140 million plus in copper credits this could easily be the best value cobalt play around. The only question is.... Can TS deliver? With demand for Cobalt this high I find it difficult to believe he couldn't get a deal done but who knows. FS due this week or next and details of offtake agreement to follow if you believe TS.....

Cheers
Rb

	Column 1	Column 2	Column 3	Column 4	Column 5
0	CFE value
1		SP - ASX	MC	cfe ownership $$	Shares on issue
2
3	EUR	$ 0.220	$ 100,540,000.00	$ 12,064,800.00	457000000
4	FEL	$ 0.026	$ 7,618,000.00	$ 3,402,198.80	293000000
5	CXU	$ 0.035	$ 11,515,000.00	$ 1,834,339.50	329000000
6
7				$ 17,301,338.30
8	CFE VALUE
9		0.03	$ 26,070,000.00		869000000
10
11
12	CFE Stand alone value	$ 8,768,661.70	$ 0.01009