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0.2¢ cape lambert resources limited

It confuses me too. Perhaps traders playing on anns? Long term...

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good2no

904 Posts.

23

08/03/18

22:34

Post #: 31633543
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Originally posted by gamias ↑

CFE market cap = $45 Million.

Strange we own 40% of FEL , yet share price of FEL has gone from .042c last Monday to .065c on Friday lifting over 50% in value yet the share price of CFE has remained stagnant. Is the market asleep here or just doesn't know how to value CFE ???

EUR - MC = $128 Million . So CFE own 12.27 % = value of $15.5 Million.

FEL - MC = $24 Million. So CFE owns 40% = value of $9.5 Million.

CXU - MC = $13 Million. So CFE owns 16% = value of $2.5 Million.

No value ascribed to African Iron ore projects.

Total value of Company shareholdings in Companies listed above is currently $27.5 Million.

So market is valuing all of CFE's Africa Copper/Cobalt projects at a value of $17.5 Million.

The Cobalt in the 2 tailings dumps alone is valued at $2 Billion, let alone the Copper.

Then we have the Kasombo high grade Copper/Cobalt tenements, but they are included in the FEL valuation listed above.

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It confuses me too. Perhaps traders playing on anns? Long term prospect is stunning.

CFE Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
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