Today's announcement regarding the Hamersley project is another step forward for this emerging junior.
If the Kings resource is 1.3Bt what will Caz's be? FMG's resource appears to border Caz's boundary. With FMG having a reasource of 2.7Bt, planned rail infrastructure, existing relationship with Cazaly in their continued quest to acquire Rhodes Ridge the upside is obvious.
Maybe they'll get a better deal from BCI if it is a continuation of the same orebody.
New target plus Winmar, infrastructure owned by an existing partner. It doesn't get much better than this.
But yes it does!
Confirmation that the company is in advanced discussions with third parties aiming to bring Parker Range into production as soon as possible.
Cazaly won't be sub 40c again.
CAZ Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
