I am diagnosing a new medical phenomenon relating to people having issues accepting the huge potential for CZR Robe Mesa Project, it is called "Creasy-Phobia", the fear of backing Proven Winners
Spot Iron Ore @ $140 x 33,000,000 DFS Robe Mesa Project = $4,620,000,000 asset value
@ $15 t/o value x 33,000,000 = $495,000,000 ($420m for CZR Shareholders $70m for creasy)
Current market cap is $50m ($420m / MC = 8.4 times current share price)
= 21c x 8.4 = $1.76 + value of magnetite project + huge potential of croydon gold project right next door to the billion dollar DEG asset
= minimum $2 whole of company take out value
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