The Eastern Bushveld seam is, I think, as well as larger, mostly surgical grade ore, which would fetch a higher price than the Ruighoek ore. The project at this stage though is still only an exclusive option to purchase a 74% interest.
The way I see it is the immediate compelling reason to purchase CCI at the moment is purely mathematical. The 1 for 2 proposed rights issue (without even considering the free attaching options) is good value if it gets the nod (and the Blackthorn deal and proposed project/s goes ahead!!??).
Not sure if this is what ALL the buying is about, but if you're a holder, the direction sure feels a lot better than the previous 5 or 6 mths!!
CCI Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
