https://www.planning.vic.gov.au/environment-assessment/browse-projects/projects/nowa-nowa-iron
The plan is on the table, on hold atm, when this gets the thumbs up. 10 million tonnes of processed Iron Ore
its worth holding for this event to unfold, eerily quiet now but when Nowa Nowa development
commences it will rocket, the shipping port in Eden is the kicker.
Long hold here but will be very rewarding, still at a low entry price point, as news develops
anything under 2 cents will be history. Tiny 10.5m Market cap, EFE can well be in the billion dollar
market cap, the multiples from current stock price will be gob smacking.
A take over target is a real possibility, a large corporation who can fund such a
large project, Nowa Nowa has a 10 year mine life. so big money here.
As with the copper exploration is the icing on the cake, so EFE what are we waiting for??
Let get drilling for copper as i am aware this is the plan.
Worth investing in EFE?, page-38
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Mkt cap ! $8.694M | |||
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| Last trade - 10.02am 03/05/2024 (20 minute delay) ? |
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| Last updated 15.55pm 03/05/2024 ? | |||||
| EFE (ASX) Chart |