Please challenge my simple assessment of CFE value:
All approximate values, some discounted for time to achieve sale and risks. Please challenge accordingly. And Leichardt mine has not been paid for yet so can't be on here, inless of course you believe it has already gone up in value since CFE signed the contract to buy :)
$50M Cash
$150M Marampa (just a guess - massive assumption this is the company maker!)
$100M Qcopper(conservative estimate - could be higher)
$5M Sappes(long lead time to potential sale)
$75M MCC CL payment(time discount)
$5M Lady Loretta(don't really know about this one)
$20M Listed shares/convertible notes(??)
$405M TOTAL
divided by 597M shares = 68c per share
diluted by options = 65c per share
This doesn't take into consideration tax liabilities or a discount for a listed mining investment company - they usually trade at around 10% discount. So including this discount a diluted value of 59c per share.
Not far from my average buy price - I hope it gets back there...and exceeds it! Go Marampa
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