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Agree - my crystal ball says:1. MCC deals closes with $400m...

  1. jdvictoria
    3,648 Posts.
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    26/02/08
    17:35
    Post #: 3397692
    Agree - my crystal ball says:

    1. MCC deals closes with $400m going to CFE
    2. CFE drills adjacent tenement and confirms 450Mt of
    magnetite IO at 40% FE
    3. MCC offers $900m for CFE tenement - CFE rejects offer
    3. Using $400m in pocket, CFE builds minimal infrastructure
    to mine and beneficiate IO to 60% DSO
    4. CFE gets contracts to supply IO to China, Japan and
    Western Europe, starts shipping 10Mtpa (DSO) @$100/t
    profit ($1B/pa)
    5. CFE sp rises to $20 (conservatively) in 2010.



    CFE Price at posting: 0.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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