CLE 0.00% 1.9¢ cyclone metals limited

massive upgard of resource , page-18

  1. 262 Posts.
    No worries Bradly,

    Thats what these forums are for as we can throw our ideas up on the board and the general community can add to them. I'm no expert in this area but had a different interpretation thats all :)

    IMO The reality is that CFE could simply keep drilling Marampa for months and months (possibly years) and keep releasing updated and improved JORC's. However, there is no real point in doing that particularly in CFE's case and model.

    With regards the 60%/40%, its all about time & money. Prooving up the remaining 40% known strike would takes lots of time and money (they may even discover new strikes along the way). CFE have done enough already to enable prospective suitors to understand the approximate size and economics of Marampa.

    Best of luck to us all

    Kasper

 
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