As per the quarterly last week, CFE have indicated the first JORC of marampa would be finished this week and may be released to the market straight away....
With a bit of luck that may be today. Sage mentioned in an interview last week that it could be around 500 mill. this is bigger than SPH's resource and they have been bought for $400 mill.
i am already in way too deep with CFE but if we get a 500 mill JORC (remember - this is only assessing 25% of target) i am offloading some other shares to get seriously overweight CFE.
I struggle to understand how CFE is where it is in terms of price and even though i have made some good money on cfe over the last couple of years, i don't think we have even seen the start of whats to come.
Good luck all.
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