price is what you pay, value is what you get

It seems that a lot of ppl are overwhelmed with the sheer flood of assets which CFE will own by the 25th of June ( after court approval).

CFE paid 17% ( 124 M$) of what these assets were worth one year ago.

Currently, you pay around 31c/share which equates to a market cap of around 158M$ AUD. By paying this low price, you essentially get:

- around 80M$ in cash
- potential Copper asset sale (Lady Annie) or spin out with another 150M$ coming into CFE's pockets (+ potential 5% free carry for CFE)
- 60M$ tax savings
- 80M$ pending payment by MCC
- CFE controlling 5 public companies with a combined market value of 43 M$
- Platmin shareholding currently worth 22 M$
- Lady Loretta stake, Sappes gold mine and other assets with some sale income probably coming within 12 months -> another 50M$
- 35% stake in the Marampa IO project on which African Minerals shareprice went gangbusters ( increased 2000% from the low)


12 months price target for CFE: 1.00$/share

Current value of assets: approx. 452 M$
Current fair value per share : 86c/share
Current shareprice : 31c/share



Cheers