Todays awesome news and update has more to do with placing a target value on resource than capex to build a be a new mine.
CZR Robe Mesa will be taken over well before any mining takes place by either RIO (next door neighbour who share the boundary fence), Red Hill, Mineral Resources or FMG.
The pending news for me is the gold resources at Croydon (DEG is our next door neighbour who share the boundary fence).
In my view, within 6 months RIO buy our robe mesa asset and DEG buys our gold assets.
Sum of the parts between $.80c - $1.20
Let's not forget, mining royalty owns +50% of CZR aka Mark Creasy who is always looking to do deals.
Ann: Robe Mesa Ore Reserve Upgrade, page-6
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Mkt cap ! $61.47M | |||
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