trading, page-2

This is about the cheapest CFE has been in the past 12 months
Stand alone MC value for the kipushi project is circa $8.7 million with 4-5 million of upgrades required to fire the plant. For a project with some $1.5 billion worth or cobalt alone sitting in the tailings already mined and a further $140 million plus in copper credits this could easily be the best value cobalt play around. The only question is.... Can TS deliver? With demand for Cobalt this high I find it difficult to believe he couldn't get a deal done but who knows. FS due this week or next and details of offtake agreement to follow if you believe TS.....

Cheers
Rb

	Column 1	Column 2	Column 3	Column 4	Column 5
0	CFE value
1		SP - ASX	MC	cfe ownership $$	Shares on issue
2
3	EUR	$ 0.220	$ 100,540,000.00	$ 12,064,800.00	457000000
4	FEL	$ 0.026	$ 7,618,000.00	$ 3,402,198.80	293000000
5	CXU	$ 0.035	$ 11,515,000.00	$ 1,834,339.50	329000000
6
7				$ 17,301,338.30
8	CFE VALUE
9		0.03	$ 26,070,000.00		869000000
10
11
12	CFE Stand alone value	$ 8,768,661.70	$ 0.01009