positive cash announcement means full steam ahead for CAPE LAMBERT Iron project, scheduled for a 2009 12t plus shipment via close by existing port and infrastructure facilities.
75mill followed closely by feasibility study and then BFS. 700mill t Iron Ore reserve. All checkpoints to be toppled like dominos. This 1st cash payments seals the deal and CFE will be rerated... to how much anyone wanna guess/ calculate?
CFE only at 55c 145mill market cap. FMG is 9.5 Bill, GBG is over 750 mill..... looks good. Re rating :)
71.5m cash today, page-5
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