potential multi bagger in comparison to gbg

Comparison:

GBG: 1.3BLN * 36.3% (FE content) * 50% (ownership) = 236 mln tonnes FE

CXM's Bungalow project: company said potential for more than 250mln tonnes @ 60%FE.
250mln * 60% (FE content) = 150mln tonnes.....

Also CXM's Wilgerup project will be in production end of Dec08, capex & opex is low thus net cashflow should be good (also potential for upgrade)....
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Market Cap comparision:
GBG: 510mln shares @ 95c = $485mln
CXM: 275mln (fully diluted) * 50c = $137.5mln....
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CXM's iron ore reserves around 2/3 of GBG, and market cap is more than 1/4 of GBG....... CXM also has asian steelers' investors backing.....
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Base on this comparison, CXM easily a multi-bagger and potential for over $1......


As always, DYOR....