tarecq, CHF's role is to execute a trade sale rather than to become a miner. With the high costs of doing business in OZ Mauritania is where the Chinese and others want to be.
Now Sphere was sold for over $500 mil and African iron for close to $400 mil. CHF will not get that but will probably get $40 to 50 million IMO. Dart is keeping dilution to a minimum
Its just a waiting game!
Ann: Exploration Targets Update - Mauritania , page-6
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