Per the Quarterly report below this information is already known !
As previously announced, Cleveland’s main focus is on expanding gold production and resources at its flagship Premier/ O Capitão gold projects in central Brazil. Accordingly, the Company intends to divest its Brazilian iron ore assets into a separately funded entity to ensure that these projects do not require any meaningful expenditure from Cleveland, allowing it to continue to focus its resources on its growing gold business.
As i understand the iron ore assets are held in Cleveland Hong Kong !!
So what's the plan ??? List Cleveland (HK) on the HK exchange raise some $$ and develop the existing projects and aquire other iron ore assets for long term recovery in Fe ???
More news and direction about Fe assets would be good to see.
CDG Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
