Further to what I wrote above.
If PMR and Sondor is paying US$43m for 30% MCB Project that means they valued the MCB opportunity at US$143m as a whole, roughly AUD$212.7m in today's exchange rate.
2-3 out of 100 ASX specs will go into production, guess I am onto a winner here.
Ann: CLA enters Binding Deed with local companies for MCB Project, page-8
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