In the worst case scenario that CFE loses both ATO appeal and MCC, then the outstanding tax is $33.3m - $17m = ~ $17m.
In the best case scenario when CFE wins both, CFE will get $80m + 33m = $113m
CFE market cap is $69m (10c/share) with
- $29 millions cash
- Mayoko royalty – potentially $55m
- Proposed sale of Marampa – potentially $500m
No drama.
