Glad some posters are stating that its just an MOU. its non...

Glad some posters are stating that its just an MOU. its non binding so legally not one bit of it is enforceable...

even if it was a conditional tenement sale agreement its still not concrete as there is a due diligence clause. presumably MCC can walk away after conducting DD if they are not satisfied.

one must ask why Ding walked last time - something mustnt have stacked up. let just hope MCC doesnt. IMO the $400m is a great deal for CFE. Magnetite isnt as straight forward as people think. As many have posted CAPEX's on magnetite plays are huge - look at GBG, globe, ARH etc for a few - the projects are into the billions of dollars.
the whispers that i have heard is that CFE will be putting the $$$ into a DSO project in africa.

i will be watching with interest!