marampa project npv, page-10

Northroo may be right it looks like CFE might have to mine Marampa after all:-

IPOs Postponed at Record Pace Globally

Companies canceled or postponed $8.9 billion in initial public offerings in the third quarter as stocks plunged, putting the market on pace to set a record for pulled deals.
The value of withdrawn and delayed IPOs so far this year rose to $34 billion, approaching the $40 billion pulled in 2010, the most since Bloomberg began compiling data.

Europe Stalls
While the volume of IPOs completed in Europe, the Middle East and Africa this year has risen to $37 billion from $25 billion a year ago, deals stalled in August as the global economic recovery deteriorated and concern grew that Europe’s banks may need more capital.

In western Europe, at least 24 new stock sales were postponed or canceled this year, almost twice as many as a year earlier, according to data compiled by Bloomberg. Yesterday, the Spanish government pulled the IPO for state-owned lottery operator Sociedad Estatal Loterias & Apuestas del Estado SA, citing market conditions.

Full article:-
www.bloomberg.com/news/2011-09-29/ipos-shelved-at-record-pace-globally-as-pipeline-for-offerings-balloons.html

(don't shoot the messenger - I still think CFE offers excellent long term value but short term is anyones guess)