CZR "FOMO", page-383

@gberra just to clarify, nothing would make me happier than to ring the register with CZR and bank the $$$'s however I don't want the company just to give it away for a fraction of its value and secondly, the DFS tables that the projects free cash flow for either CZR or someone else.

Financial• Robe Mesa DFS reveals low costs andoutstanding financial returns Low C1 cash cost of A$49/wmt FOB Base case life of mine EBITDA of $824 million, free cash flow of $419 million, NPV8% of $256 million. Financial returns rising to $1.3 billion freecash flow at current iron ore prices. Base case IRR of 62%, rising to 159% at current iron ore prices• Very low capex: A$130m (CZR share)• Offtake and funding agreements with global commodity traders well advanced.

As I have said many of times, does anyone think RIO has been drilling on the CZR border for fun? (see below)

In my opinion, RIO with eventually pay +70c for Robe Mesa or +$1 for the entire company.