this is what i cant work out.
how can these guys pay $400m for the CFE resource when companies like AXO only have a market cap of $150m fully diluted and have a higher grade ore that contains vanadium and has the ability to yield 5mt of phospahate and a large amount of titainum? in terms of resource size both a are about the same with CFE marginally ahead.
i mean, there are other resources that they could make a play for, why try and spoil the party of MCC? I dont get why the russians would even bother with something so small.
some please explain.
on the market, page-6
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