CLE 0.00% 0.1¢ cyclone metals limited

Dissapointing result with IPO, and we will shortly own a second...

  1. 181 Posts.
    Dissapointing result with IPO, and we will shortly own a second excellent copper mine, with the Leichhardt purchase settlement due in Q1 2010. What is the sense in having both these mines on C&M indefinately? I know TS does not want to be a miner but plan A has come unstuck. Is it not time for CFE to roll up its sleeves get it's hands dirty and start producing copper from these mines. Lady Annie = 20,000 tonnes/year & Leichhardt = 9000 tonnes/yr and that's a whole lot of cash into CFE bank a/c while we wait for buyers further down the track.
 
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