CLE - Shaping Up To Be The Next Fortescue Metals Group., page-6

It is an insane risk to reward setup. I think base case is Disallowed, realistically if you're here now, that's what you're looking for as a minimum. The bullseye though is getting past DTM on a 20mtpa project and IMO that outcome would be around the 40 bagger. The absolute blue sky shoot the lights out scenario is 100mtpa up and running and then you're talking 160+ bagger.

Even the best laid plans can go belly up though right, so whilst you don't go and put the house on it, it's one of those ones that almost demands to be included in the mix, you just gotta have something like this in your portfolio.

Anyway I just found this article which kind of sums things up a bit better than I did too, because obviously I'm not a journo but I thought this was a good read for anyone interested.

https://www.miningnews.net/resourcestocks/resourcestocks-articles/4372385/cyclone-metals-unlocking-key-green-steel?utm_campaign=MNN%20-%20FinalCall%20-%20DEC%2003%202024%20-%2006%3A03%3A02%20UTC&utm_content=Cyclone%20Metals%20unlocking%20the%20key%20to%20green%20steel&utm_term=&utm_medium=email&utm_source=Adestra