The benefit of a royalty is that in order to make the mine profitable, the group will increase production!!!!!!!! This could be an absolute game changer for cfe - the fact Timis and sage are the White Knights means that marampa will get wrapped up in the medium term consolidation of the area and shareholders of cfe are in a great spot given current cash and low market cap of approximately 50mill. Who would have thought cfe would end up part owning (or lending) to the other marampa!!!!
good luck everyone...
CFE Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
