Thanks dott, but my understanding is that yes there are 45,000 acres, but the useful stratas aren't wall to wall over the entire lease area.
It's all good though, any increse on the 25,000 that I used for the calculation only adds value to the company, and would put the value around the 45cent mark. Not sure where I read the 25,000 acre figure, one of the company announcements. I suspect part of the secrecy of the land dealing is that CEL is trying to obtain more land in the particular areas that are deemed the most prospective. When we findly get news of land purchases this will be very bullish for CEL.
Saltbus
CEL Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
