At one point in late 2008 I think CFE was trading at around a 30% discount to cash backing. At that time Marampa was being valued at zero.
Now CFE is NON cash asset rich and it's very difficult to put a value on CFE's iron ore assets
I think the catalyst to get the SP moving will be the iron ore price. If China announces a stimulus coupled the YEN carry trade and BEN's QE4 iron could go back to $180
disgraceful, page-52
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