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.
CFE Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held