Is there any probability Rio will lob a bid on this? It doesn’t seem like a lot of money for Rio to secure additional tonnes even if it is lower grade which is not their preference/strategy. The mesa A plant was only ramped up a couple of years ago at significant cost why would they not secure this? not to mention the cost to drill all the way up to the mesa F border with the CZR deposit. Leaves me wondering as too how it’s considered valuable to both Fenix and miracle iron but not Rio who have spent so much money on the infrastructure in the area. I initially invested but feel quite disappointed with this offer overall after holding on for well over a year with a sum of money significant to me.
CZR Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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