cfe s outstanding position, page-8

Interesting comments from Tony Sage about the Marampa project and their current position in regard to the credit crunch taking place:

"It's the same modus operandi as Cape Lambert [the project], all we will do is build up a JORC compliant resource". "My history has not been in mining, what I have found is significant and lucrative ground and sold it on".

The article goes on to say that Mr Sage believes Cape Lambert is well placed to benefit from the crunch that is taking place. "We have huge upside and we are keeping our cash". There will be a period of six to eight months where cash will not be readily available to the market". "I have a team already sifting through the properties that are around".