CFE 0.00% 0.4¢ cape lambert resources limited

e47.1493 research

  1. 3,134 Posts.
    This tenement is not included in the MCC deal. I was scratching my head to find out how a $350m value could be estimated for this tenement.

    Going through the announcements I found:
    A 3km magnetic anomaly is found on this tenement and believe to be an extension of the main target, which was sold to MCC.

    The main target has a strike of 6km and 1km wide. It has a JORC resource of 486mtFe. We can estimate that E47/1493, everything being equal, can host 243mtFe.

    It appears the anomaly extends further south to no man's land. Hope CFE picks up the tenement there as well.

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