G'day dajarra4,
Great research on Sierra Leone and Tonkolili. You are an extremely valuable member of the CFE family.
Now if the Chinese are paying $1.5 billion for 25% of Tonkolili AND CFE has the rights to 30% of the railway --- here is my question??? What does THAT make Marampa worth if they prove up a billion or so tonnes of IO?
Forget about the IO !! What does that make the infrastructure rights worth?
I believe Sellier mentioned that CFE needed about $45m of the Lady Annie $135m to pay for the railway at Marampa.
This must put Marampa up there with the big boys. If Tonkolili is worth $6b to the Chinese, then let's put a conservative 10% on Marampa --- [drum roll]
brbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrb
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$600 million. Okay -- give or take a million.
Cheers and thanks again,
doomdog
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PS -- CFE market value at close today is 625ms x .34 = $212,500,000.00 AND the CEO bought another million shares today!
ahaaa!
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