It definitely feels like it's building some momentum. a few more big hits will clear the road past 30c . I think once the cap raise is sorted people will get their fill and position themselves for a RIo bid or is going at it alone.
One thing that has been on my mind. is that if Rio (or others) just bid for the IO tenements what would happen with the ground work CZR have with a Onslow port to ship direct from there.
With that ground work being done with the port It does make me wonder if we will have a crack at the mine ourselves ?? Both options look good for us shareholders, a buyout will just be a lot quicker to get some returns.
Either way let's hope there is some cash around to keep digging for gold near De Grey and it doesn't get put on the back burner. I've got a good feeling about the tenements there
CZR Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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