Couldn't agree with you less. I posted on this before - here it...

Couldn't agree with you less. I posted on this before - here it is again (with some corrections):
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Actually it might be that this will be the best deal ever.

Think about it - they kept that adjacent tenement - if the MCC deal goes through (and it should) and CFE (hopefully) finds a lot of IO in that remaining tenement, then the possibilities are very good:.

*sell the new resource to MCC - at a much higher price IMO.
If there is >300Mt of IO there, then possibly as high as
another $900m and thats under $3/t!

*do a deal with MCC on a royalty basis, say up to 30% of
300Mt @25/t is equiv. to over $2b over 20yrs!

*mine it themselves - say 300m resource at 10Mtpa, profit at
@$25/t is $250m/pa for 30yrs!

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So, there are many possibilities and all of them pretty good!