As I said. There are 9B SOI. Do a 10:1 consolidation and you have 900M SOI. Will they be valued at 1 cent or will the market drag it down lower. Do a 100:1 consolidation and you have 90M SOI. Will they be valued at 10 cents or will the market drag it lower. We will have a consolidation in the future. But now we need some positive news and enough cash to proceed over the next 6 months. A lot of multiples have been bandied around on the expected share price of EUR. Today's value is $6.5M. A lot of water has to go under the bridge from a handshake until the time the money is in the bank. My back of envelope calcs say EUR at 65C by November. This gives CLE $40M to come up with clear precise pathway to get the iron ore to production.
CLE Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
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