I do think CZR is interesting but the DFS is based on 100%...

I do think CZR is interesting but the DFS is based on 100% interest, where they have 85% interest in the project.
To be extremely profitable long term it requires the discount for the lower grade product to maintain a narrow margin to the 62% platts.
With the expected increase in demand for high-grade assets, I do have concerns about the long-term discount for lower-grade products.
The majors can absorb large discounts as they have much lower C1 costs due to scale. (FMG: $17.54 USD -- CZR: $49 AUD).

AKO - I'm happy with the update and will be interesting to see the lower CAPEX option.