CLE cyclone metals limited

african news, page-10

  1. 428 Posts.
    Hi Lagoz,

    My reading is that the two drill targets are for the extension of Tonkolili and the extension of Marampa, rather than Marampa being an extension of Tonkolili. After all, they're a long way apart.
    I'm not too bothered about the rail. It's being repaired in very quick time, as Tonkolili want to be in production shortly, but more importantly, CFE's exposure to cost is capped. Considering infrastructure projects always seem to blow out in cost, that is somewhat reassuring.
    Pinnacle - at a guess, they could simply operate as an export project, although I haven't really looked too closely at Pinnacle to fully grasp what the prospects are.

    Peter
 
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