CFE 0.00% 0.2¢ cape lambert resources limited

Ann: Kipushi Project - Leaching Engineering Study Completed, page-7

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  1. 784 Posts.
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    So all we really get out of this is a cost to start production.

    *No timeline of when expect the site to be operational.
    * Capital required to build the plant, the original estimate was 5-6 million, now it is 35 million
    * Need 4x our market cap making cash raising very hard, how we paying - offtake agreement?
    * No financial institution is going to fund this.
    * No expected annual capacity of the production pipeline

    My feeling about this is, it is a open ended announcement that has so many holes and question marks about it. It won't move the needle in terms of market confidence.

    Overall, a weak announcement for 15 weeks waiting. Something that clarifies the above is required quickly especially as CFE are pan handling share placement to keep operating.
 
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