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12:57
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Originally posted by Beton2:
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There is a small trap here due to the SP and the SOI. $10M at $0.001 then it jumps to $20M at $0.002. Is it worth $10M or $20M or more? Right now it is not worth $20M. This is because no unknown additional value has been added to Iron Bear. They paid $1-2M whatever for the project. This was paid for by script. SH got diluted so that value is absorbed in the MC. The OZ and NZ projects are worthless or next to worthless. If they are not sold they will be left to rot. So the only value is the EUR shares which are collateral and the CUF shares. So we have the EUR shares at $7M and the CUF at $3M but they still owe on the last handout (I am not going back to check the details). Thus we have only $10M value until EUR and CUF rise and or the PFS comes out showing how they have solved the logistics. EUR has to get to 30 cents to have CLE worth $20M. There is a time issue and some juggling has to occur.
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I didn't get back to you on this one mate. Apologies.
