So we're agreed that $400m equates to around 70-80cps, but what other value is there in CFE post this sale?
Does anyone know anything about the tenement excluded from the sale? How much could that be worth, e.g. as a % of the project being sold for $400m?
"The Company has excluded Exploration License Application E47/1493 from the proposed MCC sale. This tenement contains a 3km long, untested magnetic anomaly, which is thought to represent the southern strike extension of the Cape Lambert resource and lies within the highly prospective Cleaverville geological formation. Once granted (expected to take approximately 4 months) this tenement will become the focus of the Company�s Pilbara exploration program.
"
- Forums
- ASX - By Stock
- CLE
- londan stock exchange annouc
londan stock exchange annouc, page-11
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLE (ASX) to my watchlist
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $11.46K | 11.46M |
Featured News
CLE (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online