Ann: BHCP and Refinery Update, page-24

COB has been working towards cobalt mining and processing for years. All of the roadblocks have meant finding new ways to fast track development hence the Kwinana Processing plant in WA an alternative to laboring on with the Broken Hill minke that can be developed after in conjunction with Kwinana. The one piece of the puzzle with ay mining venture to become reality it has to have the assistance from a major partner.I am puzzled the the non binding Heads of Agreement with Iwatani Corporation has not been heralded by the market Their technical, financial and distribution abilities are second to none in the industry. It will take some time but I feel positive that a major deal will become a turning point IMO