CLE 0.00% 0.1¢ cyclone metals limited

This is about the cheapest CFE has been in the past 12 months...

  1. 799 Posts.
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    This is about the cheapest CFE has been in the past 12 months
    Stand alone MC value for the kipushi project is circa $8.7 million with 4-5 million of upgrades required to fire the plant. For a project with some $1.5 billion worth or cobalt alone sitting in the tailings already mined and a further $140 million plus in copper credits this could easily be the best value cobalt play around. The only question is.... Can TS deliver? With demand for Cobalt this high I find it difficult to believe he couldn't get a deal done but who knows. FS due this week or next and details of offtake agreement to follow if you believe TS.....

    Cheers
    Rb

    Column 1 Column 2 Column 3 Column 4 Column 5
    0 CFE value        
    1   SP - ASX MC cfe ownership $$ Shares on issue
    2          
    3 EUR $ 0.220 $ 100,540,000.00 $ 12,064,800.00 457000000
    4 FEL $ 0.026 $ 7,618,000.00 $ 3,402,198.80 293000000
    5 CXU $ 0.035 $ 11,515,000.00 $ 1,834,339.50 329000000
    6          
    7       $ 17,301,338.30  
    8 CFE VALUE      
    9   0.03 $ 26,070,000.00   869000000
    10          
    11          
    12 CFE Stand alone value $ 8,768,661.70 $ 0.01009
 
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