This will be north of $1 sooner than latter when a bidding war...

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12/01/24

13:14

Post #: 71849958
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Originally posted by Silent-Bubbles: ↑

Have been around this stock for several years now. Well before the 1 for 17 consolidation. So has my Son.

Seen and participated in the ups and experienced its downs like many others have on this forum . So , I too had been waiting for the DFS and other infrastructure developments to finally establish the financial directions more clearly.

So it appears it's true what they say about good solid DFS attracting the almost immediate interest in a project from financiers and / or potential suitors.

Just look at how long it's actually taken since announcement of the DFS on the 10th October to the following up with the Investor presentation 2 days later on the 12th Oct .....to basically the trading halt on the 28th of December less than 10 weeks later from whoa to go.

However for me , it was always the announcement on the 29th of September regarding the progress on the Port of Ashburton Consortium ( PAC ) which really cemented the real potential in my mind. Because almost every successful mining operation and mining company involved in the Iron Ore Industry has always been centered around ' control ' and right of use of Infrastructure assets. And I mean this is how FMG was actually built. On its success with its battles around rail infrastructure etc....

And therefore for me , the real value here resides in the completion and access rights to the ' circular ' use and rights to these developing infrastructure assets.

So YES , the DFS is massively impressive and will almost certainly attract the necessary FID from other interested parties and perhaps even associated , or one out competing bidders. And therefore it won't be the LAST offer in my view given that this is only the FIRST opening offer.

And how many times have you seen the FIRST offer being the LAST offer on such strategically located ' in form ' assets

The project itself is worth multiples of what has been put up by Miracle Iron.

And then there is CZR's 50% interest alongside CSL and SRK for its ( CZR's ) 66.7% of the take or pay export allocation arrangements in the Ashburton Port Venture.

So in my view , this PAC venture is worth many hundreds of $ Millions more to potentially ALL of these other budding West Pilbara iron ore projects ...including potentially some other minerals as well.

And imagine what the Company will ultimately be able to do with the starting amount of $81.6 million ....or even much more from a higher competing bidder who might even want the LOT.

Exciting times ........FINALLY.....

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This will be north of $1 sooner than latter when a bidding war will start

CZR Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 30.5¢		Change 0.005(1.67%)		Mkt cap ! $71.89M

Open	High	Low	Value	Volume
30.0¢	31.0¢	29.0¢	$83.28K	277.3K

Buyers (Bids)

No.	Vol.	Price($)
1	168	30.5¢

Sellers (Offers)

Price($)	Vol.	No.
31.0¢	330944	3

View Market Depth

No.	Vol.	Price($)
1	168	0.305
2	135418	0.295
2	19355	0.290
4	18867	0.280
1	6350	0.275

Price($)	Vol.	No.
0.310	330944	3
0.315	327276	3
0.320	131937	5
0.330	30000	1
0.340	100000	1

Last trade - 14.42pm 15/05/2024 (20 minute delay)


Last 31.0¢		Change 0.005 ( 3.33 %)
Open	High	Low	Volume
29.0¢	31.0¢	29.0¢	66347
Last updated 15.00pm 15/05/2024 ?

CZR (ASX) Chart

This will be north of $1 sooner than latter when a bidding war...

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