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Comet happy to take the money and run

A BIRD in the hand is worth two in the bush - that's Comet Resources chairman Roj Jones' take on the company's sale of its half of the Ravensthorpe nickel laterite project to Billiton for $28 million cash.

MiningNews.Net

As a major shareholder in Comet (9.39%), Jones stands to make in excess of $3.5 million from the sale as the company will divide sale proceeds amongst shareholders at more than 50c per share. If the...

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