Even though I haven't been following this baby for a while, still know enough to filter out the ridiculous comparisons being drawn... CFE's CAPE LAMbert being commpared to other so called "conceptual 1 billion resource" is like comparing gold to fools gold....
THese guys have spent the last 1.5 years drilling the guts out of this resource, which, mind you, was already drilled to a certain extent even before they acquired the project... with 1.6 mill tonnes JORCed resource, and a much larger inferred over 3 mill tonnes. Why else are the chinese paying up for this? No one is gonna pay 400 mill for a Aerial Survey and COnceptual model of "potential" iron ore... dofus.
up 11 per cent in london, page-3
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