rumour, page-2

Thanks for that Joel. There was never any doubt that Ian Burston is the competent brain behind CFE, as he always is for anything he puts his hand to. That is one of the best reasons for investing in his companies. I have found him perceptive, rational, respectful, open, and experienced on a wide range of subjects. Meanwhile, TS is the dancing stage jester.

TS tearing off to Beijing to sell most or all of CFE sounds a bit doubtful as it has been made reasonably clear that the Cape Lambert deposit is now for CFE's own development. This is also implied in today's ann on the reducible silica content in their magnetite. However, considerable funding is urgently required and it could well be that another partnership is in the offing. If the Chinese realise just how low CFE is on cash they might use it as a bargaining chip.

I was rather pleased (relieved in fact) to read the ann today on the key practical matter of making some of the lower grades of concentrate saleable. Understandably there is always a preponderance of marginal grade ore in deposits and it is great to read of a low cost means of enhancing the quality.

Next it would also be great to see some figures on the proportion of the resource that is commercially mineable.
Thereafter an estimate of the cost per tonne of the beneficiation process is highly desirable.
Just wishing!

Juke