CLE DMM

Ann: CFE: Take-over offer for DMC Mining , page-19

  1. Peter111
    428 Posts.
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    23/03/10
    14:40
    Post #: 6485832
    Wescott, as Brenden mentioned, CFE have no intention of getting the project to the production stage. The CFE model is to buy undervalued/distressed assets, drill them out, bring the project to the pre-feasability stage, and then sell for many times the purchase price. All done without the huge outlays and risks associated with production. Repeat as often as possible...
    Peter
    DMM Price at posting: 38.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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