Ann: Change in substantial holding , page-13

Hi minestock,

Charlie Aitken had a personal holding of 500,000 CBS @ 25th March 2011. There has been no mention from SCE or Charlie in relation to CBS since then so not sure if he is still holding??

It is disappointing that it was 'snuck' into the highlights last week in the report and have the market needs to be informed ASAP of what is going on, when this occured, why was it only released last week in the report etc.

In saying that you can get CBS at a very nice entry price at the moment IMO. I am still a firm believer in CBS for the following reasons:

* Very early stage iron ore explorer

* Market cap of $39m, no debt and $17.2m in cash

* CBS have a port and rail solution, access to funding partners and targeted minimum tonnages 350mt with expected grade of 32-36%

* Chris Robinson has been confirmed as a director. He has 37 years experience in Australian and international iron ore industry including senior technical, operating, management and customer liaison roles.

* After a recent capital raising, Passport Capital have lodged 9.64% which is a sound endorsement of CBS. Passport were early backers of RIV.

* Brazil is a very politically stable country that is a strong mining culture.

Good luck.