CLE 0.00% 0.9¢ cyclone metals limited

forget smaller assets, marampa is the the one, page-2

  1. 216 Posts.
    The market understands Marampa just fine! The independent experts report values Marampa between 35 and 504M with a preferred valuation of 184M. It is unclear from their report if that reflects the country risk in Sierra Leone or not. From what I can tell they are valuations based on similar sales and to get enough similar sales you have to have a mix of low and high country risk projects. Which means that even the highest value is more like 3-400M.

    In exchange for the __chance__ to make a lot of money on Marampa we've handed effective control of the company to Frank Timi.

    Marampa is a lot like a roulette wheel. We have a chance to make no money and a chance to make a lot of money. Either way we've made our bet and the ante was control of CFE.

    I think CFE is very undervalued but not primarily because of Marampa. Marapma is not the same as cape lambert or Lady Annie both of which are in safe jurisdictions.
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