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Difficult to say

Tony Sage is a non exec director at COV, and CHairman of CFE

Out of the 3 share portfolios of CopperCo, the only one they wanted all of was COV ! They failed but retain 46%

Obviously they knew the potential benefit of this COV

All I know is that if they make a Takeover did - it will now have to be a lot higher

At this point I hope they dont as the share price could climb alot with drilling from other sites being announced over the next weeks

CFE doesnt need the cash at moment
Also, they bought the shares for 14c so doubt they will sell at this level, knowing its potential

BD





Antony William
Paul Sage Executive Chairman (Appointed 15 August 2008, prior to that, he was an Executive
Director)

Qualifications B.Com, FCPA, CA, FTIA
Experience Mr Sage has in excess of 22 years experience in the fields of corporate advisory services,
funds management and capital raising. Mr Sage is based in Western Australia and has been
involved in the management and financing of listed mining companies for the last 14 years.
Mr Sage was a founding Director of International Goldfields Limited and its merger partner
Hamill Resources Limited (the merged entity now being Cape Lambert Iron Ore Limited).
Mr Sage is also a Director of the following ASX listed entities: International Goldfields
Limited, Global Iron Limited, Corvette ResourcesTianshan Goldfields Limited and Buka Gold Limited.