EUR will be a $A1.2bn valuation ($US750m) divided by 1.6bn shares. Thats 75c/share. Add the $A220m cash on hand, $1.42bn divided by 1.6bn shares. Thats 88c/ share. The market will value in any risk.CLE owns 65m EUR shares, so using the above numbers that's between $A50 to $A62m in value for CLE. Current mkt cap now only $A18m and with great gold and copper assets.
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