CLE - Shaping Up To Be The Next Fortescue Metals Group., page-211

First 211 Last

Share
Profile

Follow
Beton2

2,296 Posts.

618

22/02/25

10:44

Post #: 77976176
Share

Originally posted by zacko92: ↑

I see a lot of wrong assumptions in the original post, here is a link to a released Pre-feasibility Study for the Kamistiatusset (Kami) Iron Ore project. It was released last year by CIA who operate in the same jurisdiction. Its based on 8Mtpa.
https://company-announcements.copyright link/asx/cia/1e8c4153-e249-11ee-b0cc-26a478d59520.pdf

I would strongly recommend anyone interested in CLE to read this study to get a realistic expectation.
I think 20mtpa is the best case PFS scenario simply due to the amount of ore required to move for a 29% head grade resource.
The NPV will be greatly impacted by required ramp up time.

I do acknowledge with scale it will greatly improve, but I don't think its going to be anywhere near what many expect on here.
Its unlikely CLE will be able to fund its CAPEX share and I can't see Vale providing a loan for the CAPEX as a buyout is a better outcome for them.
That's if the project is even economical and they commit the additional funding after phase 1.

Expand

In the case of CLE retaining the 25% share at DTM, Vale WILL carry them. Vale will stump up the CAPEX and CLE's share will be repaid out of future profits. This has been stated in previous announcements. The contract is written so that Vale buys out CLE at reasonable value after the DTM. In case this sum impacts on the ability of Vale to provide CAPEX and buy out CLE at the same time, then the continued JV will endure.

CLE Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
14 Upvote

5 Great analysis

Reply

Top Stories

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

RC1

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

First 211 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 5.8¢		Change 0.000(0.00%)		Mkt cap ! $62.67M

Open	High	Low	Value	Volume
5.8¢	6.0¢	5.8¢	$193.8K	3.293M

Buyers (Bids)

No.	Vol.	Price($)
1	311000	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	36409	1

View Market Depth

No.	Vol.	Price($)
1	311000	0.057
2	908901	0.056
5	300334	0.055
1	100000	0.054
1	200000	0.053

Price($)	Vol.	No.
0.058	36409	1
0.060	695311	6
0.061	100000	1
0.062	200000	2
0.063	200000	2

Last trade - 16.10pm 16/06/2025 (20 minute delay)

CLE (ASX) Chart

CLE - Shaping Up To Be The Next Fortescue Metals Group., page-211

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

CLE - Shaping Up To Be The Next Fortescue Metals Group., page-211

Top Stories

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News