CLE is an unique penny dreadful. It has cash in the form of investment shares as well as some projects that they put a $4M value on plus a potential deal breaker. 0.001 is a bargain. This is mainly backed by the investments. I brought this morning. 0.002 is not a bargain until some serious answers are given. EUR deal goes through and then the investments value increase three or fourfold. Then 0.002 and 0.003 become bargains.
The Block 103 is only worth one million until they show that they can unlock the value in it. Magnetite has to be done at scale because of the infrastructure costs, Where is a $10M company going to get to a stage that it can raise $2-3B and borrow $5-7B?
We already know that the product is good and it can economically be extracted, it can economically be concentrated, it can economically be enhanced. We know the cost of getting a tonne to port, we know the cost per tonne to get it to market, We know that there is demand and the demand will pay a premium. We do not know how to get tens of millions of tonnes to the market. Answer that question and we have something different and start unlocking value.
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CLE
cyclone metals limited
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CLE is an unique penny dreadful. It has cash in the form of...
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Last
5.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.43M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 5.6¢ | $118.6K | 2.031M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23108 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23108 | 0.058 |
2 | 99704 | 0.057 |
2 | 906366 | 0.056 |
5 | 300334 | 0.055 |
1 | 100000 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 100000 | 1 |
0.060 | 419707 | 6 |
0.061 | 200000 | 2 |
0.062 | 244444 | 3 |
0.063 | 100000 | 1 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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RC1
REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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