londan stock exchange annouc, page-12

There are around 135 million options which if they are all converted you would see CFE with around 440million in the bank. Not including their current assets.

If the company were valued at 440million and all options were converted, you would see a SP of around $1.06

I know we won't see a SP of $1.06 tomorrow but they will receive 80% of the sale consideration, or A$320 million, within 60 days of settlement.


There is not many mining companies that will be in there strong cash position, and considering there is a lot of cash strapped small miners will excellent projects that find it very difficult to raise funds. CFE could take advantage of the current global finance crisis.