re: Ann: CFE successful in A$8.5m bid for Lei...
This is another coup for CFE ,and after reading some of the Matrix Metals website ,and presentations ,it looks like an absolute bargain that could return many times the original investment with a little work . The tenements are in the richest ground in Australia . This alone is worth more than the $8m in my opinion , Stage 2 was expected to reduce costs to around $1.50lb so there is potential for a good operation especially if copper can hold these levels . Anyone else out there with knowledge of Matrix care to comment ?
Copper is now over $3 dramatically increasing the chances of the Lady Annie IPO being successful .
CFE Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
