That revenue figure only relates to the Ruighoek mine.
CCI has also acquired the Vlakfontein mine, Vogelstruisnek mine, Bakhoutrandeje mine, and Groenfontein mine.
Once production at the Ruighoek mine has commenced and cash starts to flow in CCI will begin to scope out the other mines. At that point I think they will be doing a capital raising.
Assuming it all goes to plan over the next 2-3 years, 2-3c will be an absolute bargain. I hate to think what 1.6c would be!!!
I reckon when the announcement comes out next week, (assuming its regarding the BEE venture) the share price could open at 3c+.
CCI Price at posting:
0.0¢ Sentiment: None Disclosure: Held