Daytrading April 18 afternoon, page-211

CFE I think this is why its moving

http://www.capelam.com.au/irm/content/overview.aspx?RID=208

	Column 1	Column 2
1	European Lithium Ltd	21.9% currently undergoing listing on AIM Interests in Lithium, precious & base metals. Focus on development of 80% interest in the advanced Wolfsberg Lithium project in Austria

European Lithium own an advanced JORC Lithium deposit comparable to AJMs
http://europeanlithium.com/projects/wolfsberg-lithium-project/project-geology-metallurgy/

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	Type	Million Tonnes	Grade Li2O (%)
1	Measured*	3.7	1.5
2	Indicated	3.2	1.2
3	Inferred	10.0	1.2

so could be looking at 20% of a $200m+ company = $40m+look through CFE =5c+?

Would explain the willingness of sophs to take a 4c+ placement at a 300% premium to market price