Business Description:
Cape Lambert Resources Ltd (CFE) is an Australian based exploration and development company with interests in a geographically diverse portfolio of mineral assets and investments in several exploration and mining companies. CFE focuses on investment in early stage resource projects and companies, primarily in iron ore, copper and gold.

Strategy Analysis:
The primary objective of the Company is to develop a successful mineral exploration, development and exploitation business. The Cape Lambert South Project is currently the main focus. A key strategy is to invest in early stage resource projects and companies that are considered to be undervalued or distressed, and ultimately position these assets for sale. To this end, the acquisition of CopperCo Limited provides an exposure to copper, gold, uranium, phosphate and other iron ore assets in Australia, Africa and South America. Cape Lambert Resources reported negative cash flow of $18.7m for quarter ended 30 September 2011. Operating cash flow for the period was $(11.86m). Payments for exploration and evaluation were $(9.92m). Investing cash flow was $(9.19m). Financing cash flow was $2.34m. Cash in hand at the end of the quarter was $24.53m.