Excellent post - great to see us getting away from the 'this is 10 bagger' or 'CFE is about to skyrocket' posts.
There is a lot of fog over the SL mining stocks now days, we were told in the day that it was around $55 per tonne was the break even point to have have Marampa up and running if it had a transport link. IO price has surged up to $77 and there has been sign that they will ever mine there again.
From newspaper reports, there has been corruption and even mafia like tactics used in the area. Also that Frank Timis is pretty much banned from SL with see the end to any ex-London Mining product.
Watching the shipping movements around Pepel SL, we are seeing a lot of IO tonnage produced by the Chinese out of Tonkilli. I wonder if there is any spare bandwidth to get our product shipped.
Our best hope is that the Chinese buy our Marampa site to expand their production in the area (IMO).
Thanks again for the productive discourse on CFE.
CFE Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
