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15/05/18
01:34
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As a former Cape Lambert director and DRC expert Brewer was for sure directly involved in the acquisiton of CFE DRC cobalt projects Kipushi/Kasombo.
These two projects (supposedly with a functioning processing plant) are splitted today between CFE and FEL.
Both companies have a marketcap of around 40 Am$.
Without CFE Investments (e.g. EUR) and cash these DRC projects are valued around 15-20 Am$.
The times have not improved since CFE/Brewer acquired these projects, DRC partners will claim a higher stake in these days.
With this in mind current WFE marketcap of 55 Am$ is crazy....
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