I think it has every chance.
CCI has acquired a chrome mine in South Africa. Currently negotiating with the local community (BEE groups) about a joint venture.
Negotiations are coming to a close. An announcement is due any week.
The mining site is ready to be developed again as the infrustructure is in place-thanks to BHP.
CCI has the expertise and knowledge to successfully develop the chrome mine.
Chrome prices are at an all time high.
Company is confident production will commence as soon as the BEE deal is done.
Shares trading at 1.2c. Can they get any lower-yes...but highly unlikely given that it has rarely traded below this level in the past 6 months.
CCI will make close to $50m/year before tax for the next 4 years when production commences.
There has been some recent trading activity in the past fortnight.
Prospects appear very good.
This is just my opinion. Do your own research.
30% of my portfolio is now invested in CCI.
I think it has every chance.CCI has acquired a chrome mine in...
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