I think CML have done a excellent deal via the buy in of Red Fox (redfoxresources.net.au)
Its pretty out there to have a $5m 1.7c per share company being jv'd with Rio Exploration with an 'imminent' start to drilling.
Add in that they are testing for a nearby extension to Glencore Ernest Henry Copper mine and you might start to wonder about the upside if the geophysics delivers anything like its suggesting.
If it misses, its still a good deal, RFR has some other $$$ properties, pretty good geos and looks like a great fit to back into the CML shell.
I know its bit of a sales pitch but the moment RTX announce that drilling has started ........
DYOR.
CML Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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