Robe Mesa iron ore, in the heart of Rio's backyard, PFS at 8.2mt resource with DFS to upgrade even further, let's say a conservative 20% increase to 10mt.
At iron ore prices ~USD$125 per tonne currently or AUD$180 per tonne, i.e. we have AUD$1.8billion of resource.
RIO is a AUD$156billion market cap company always on the look out for more ground to feed the beast. Takeover is a no brainer, especially with their infrastructure already there right next door to Robe Mesa. My guess is they'll look to a quick takeover offer of ~AUD$30 per tonne sale, or AUD$300m.
CZR at an EV of $39m ($43m market cap, ~$4m cash), plenty of upside potential, dare I say almost T.E.N. times the current share price.
This is all for one project, not to mention the other high potential projects with even more upside.
No wonder CZR was trading almost double the share price just over a week ago before the whole global market interest rate panic. The first thing a government does when economies slow down because of rising rates is increase infrastructure spending, which equals big iron ore demand. This is a nice long term leveraged play with plenty of b.a.g.s in the making.
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