CFE's stand alone value for their Kapushi project with the value of FEL and EUR removed is around the $33 million mark see below
Column 1
Column 2
Column 3
Column 4
Column 5
0
CFE value
1
SP - ASX
MC
cfe ownership $$
Shares on issue
2
3
EUR
$ 0.20
$ 89,115,000.00
$ 12,948,409.50
457000000
4
FEL
$ 0.04
$ 12,599,000.00
$ 5,626,713.40
293000000
5
CXU
$ 0.04
$ 11,515,000.00
$ 1,834,339.50
329000000
6
7
$ 20,409,462.40
8
CFE VALUE
9
0.065
$ 54,145,000.00
833000000
10
11
12
CFE Stand alone value
$ 33,735,537.60
As you said there are plenty of junk Cobalt and Lithium plays with tripple the MC with NO chance of producing. 19.5 cent would give CFE a MC of 100 million for Kapushi certainly not out of the question especially with a funding / off take announcement.
GLTAH
CFE Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
