On the 10th October 2023 the company released the DFS for the...

On the 10th October 2023 the company released the DFS for the Robe Mesa Project:

The report said:-
At an assumed base case of Iron Ore @ $90, this would equate to free cash flow of $419,000,000 (million)
At the time, the Iron Ore price was @ $117, the DFS said this would equte to free cash flow of $1,262,000,000 (billion)

Today the Iron Ore price is $131

So, what we know is a $27 tonne movement in the Iron Ore Price between $90 and $117 (+$27 increase) resulted in free cashflow improving by $843,000,000 (million)

Therefor, we can assume every $1 dollar movement in the Iron Ore price = $31,000,000 (million) upgrade to the free cash flow

$1,262,000,000 - $419,000,000 = $843,000,000 / $27 Increase = $31,000,000

In the last week, the Iron Spot Price has increased by a further $14 from the DFS best case of $117.

This equates to an improves cash flow of $14 (increase in Iron Price) x $31,000,000 (see above) = $434,000,000

The Value of the Project Free Cash Flow is now @ $1,262,000,000 + $434,000,000 = $1,699,000,000 (billion)

The Market Cap of CZR is $53,000,000 (million)