""Near-term exploration will be focussed on delineating fresh, near- surface material totalling at least 1 billion tonnes, with a mass magnetite-yield of at least 30% with low impurity levels that is free of blue asbestos.""
""magnetite mass-yield greater than 30% and producing concentrates having Fe > 67% and SiO2 < 5% and low impurity levels (ASX: CZR 28- April-2016).""
It's very good for small cap company.
I'd give it 10/10..!!!!
Because it's still the tip of the iceberg. Resource will just keep growing.
They've also got decent resources of DSO, some 80MM tonnes (direct shipping ore, no treatment needed. Just shovel into ships hull.
Real chance one neighbours will put some cash on the table...!!!!!
Company has market cap $21MM, after today's announcement cheapest iron ore penny stock on ASX..
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