On the cfe website - shows updated scoping study results which include 3.4m (stage 1) and 15 m in stage 2...
increased capex but lower opex ($45stage 1 and $46stage 2) - these are very competitive.... even at $90/tonne sale price!
not sure who the preso went to but looks pretty solid and things are still on the move despite the iron ore price movements. The value of Cfe is always hard to determine but marampa has to more than underwrite current market cap ($190 million).....
the tax bill is covered by current cash and that leaves plenty of upside from other surprises(lower tax bill,pinnicle developments, other SL tenement developments, mcc settlement (lol), leichardt settlement, GLY, LRS, GSZ, OGL, IGS, old chameloen(new code?))....
it is hard to buy more at the moment but some real value could be emerging - just need something to get it going...
good luck all.
new marampa presentation
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CLE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| CLE (ASX) Chart |
Day chart unavailable