There is a reason they are trying to sell it and MC is also trying to sell his share. Firstly - you can’t rely on Fe staying at $120 USD per ton - I would say that’s highly optimistic. Secondly there is execution risk. Thirdly to raise the funds to build it we would need to make a highly dilutive capital raise. Our shares on issue could easily double or more. I honestly believe voting YES is the best option and hopefully that will push Rio to bid. Rio are the sensible owner of this deposit with their rail line and infrastructure already in place. GLTAHs
There is a reason they are trying to sell it and MC is also...
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Last
31.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.07M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.0¢ | $45.59K | 149.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7499 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 231366 | 5 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
30.5¢ |
Change
0.000 ( 1.61 %) |
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| Open | High | Low | Volume | ||
| 30.0¢ | 30.5¢ | 30.0¢ | 33601 | ||
| Last updated 15.24pm 16/05/2024 ? | |||||
| CZR (ASX) Chart |