Ann: DFS Update, page-9

If the banks keep falling over as has been happening lately and the copper, nickel price stays where they are then cobalt will not be recovering for a long while yet. Cobalt is a bi product of copper and nickel which doesn’t help COB. A few big copper mines have just started up and with them comes 40 000 tons of Cobalt. That’s 40000 tons more supply that has to be worked through the system. It’s a wait and see game going forward for all Cobalt companies. Meanwhile Copper and Nickel producers are making good cash and will be producing as much as possible hence dumping more Cobalt o the market going forward. There is no quick fix and that’s just the reality of the situation. Most Cobalt shares will keep retracting share price wise so plan your buying carefully.