So CFE is now a producer as well - Is this how I should read this?
The last quarters report said that drilling had recommenced on the leach heaps and was to start at Mt Watson as well. In addition the offtake agreement with Glencore had been signed so I take that to mean that the sale of up to 100,000 tonnes of copper cathode has been agreed to at LME Cash rates.
So CFE have retained 25% of Mayoko, are apparently producing at Mt Cuthbert have 4 buyers in a data room for Marampa, has Sappas close to a sale, is working on Pinnacle which is apparently larger than Marampa and has no debt and a heap of cash coming in from sales.
All sound great for the future to me, and the rest of us holders so don't worry about this slight recent drop in the Share Price. My opinion is that things will change soon and move very quickly - so I hold as I have no more cash left to accumulate.
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So CFE is now a producer as well - Is this how I should read...
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