CFR cluff resources pacific nl
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why are we buying cfr.., page-8

  1. blastfurnace
    1,862 Posts.
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    30/06/08
    17:37
    Post #: 3928544
    All I can say is the calcualtions are very very flimsy.

    I find it hard to beleive 6 billion dollars worth of iron ore (assume $30/tonne profit) would be given away for the cost of obtaining the approvals.

    I'd love to be wrong though!

    Personally I'd be happy if they unearthed 20-30 MT of direct dhipping ore.
    CFR Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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