Cape Lambert getting out of Iron Ore, except for the other small tenament that they are holding onto. So reading it as an iron ore play in terms of Cape Lamberts situation is incorrect. Unless CFE announce other IO interests, then the way CFE should be viewed is as a cashed up company with a small iron ore interest. IMO the market has factored in the sale and $400m (pre tax $$)and SP may get to 80c if we are lucky over the next few months. The next drive will be when an announcement of a significant acquisition is announced in the future.
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