I would expect the Cobalt price to fluctuate up and down for a...

I would expect the Cobalt price to fluctuate up and down for a while, and from what I read it seems that China has enough supply for now and combined with Elon Musk's Tesla reduction comments, demand world-wide has softened temporarily. The surge of Cobalt speculation may have lowered but really, the true story of EV mass production is only beginning and the fundamentals of a battery boom and the technology behind it are good for at least 10 years or so.
Interesting article: https://www.theverge.com/2018/6/21/17488626/elon-musk-cobalt-electric-vehicle-battery-science

I'm not concerned about it for CFE, the original DRC announcement from last January showed we were happy with Cobalt prices around the US$41000 mark. Tailings dump and most infrastructure already available means we'll be a low cost operation (Awaiting Scoping Study next week). I'm hopeful Sagey wouldn't fix anything at all, or at least too low with the off-takers, but IMO we may see some sort of cap if prices rise high again. Off-takers would be smart to get in now really.

Looking forward to some positive announcements shortly, good luck to all CFE holders.