CFR 0.00% 0.6¢ cluff resources pacific nl

Question answered: $12 million capitalisation was way too low...

  1. 128 Posts.
    Question answered: $12 million capitalisation was way too low for Cluff.

    Now could someone tell me what an operation like this is worth?

    They report having the projects: gold, tin, gems, platinum.
    Various tenements
    The funding
    Deal done with Varun

    How does it stack up against other companies in this bracket, should it be a $50 mill or $150 mill?

    If the tiny sample panned in Madagascar coughed up 6 pieces of gold does that equate to 15 grams per ton or 25 gpt (convert to ounces) and if they observed a 2.5 metre wide quartz vein with the locals working the surface of a 1km long section how many tons of rock is that? Include the current price for gold and that all equates to.....somebody....
 
watchlist Created with Sketch. Add CFR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.