Gold or Iron Ore Play ?, page-16

Map posted by Matty73 is the trucking route to port for fex's Iron ridge project not czr.

fyi...article as mentioned by joe above in SH yesterday...may explain the uptick in volume today and sp rise?




Investors stand to triple their money in emerging WA iron ore junior CZR Resources, according to a new research report by experienced analyst Andrew Pedler of Matau Advisory.

Pedler values CZR, which owns the Robe Mesa project in the Pilbara, at 3c a share based on it shipping through Port Hedland. But he says the value rises to 4.5c in the event that its plan to ship through the closer port of Onslow is successful.

CZR is currently trading at 1.3c for a market capitalisation of just $40 million.

In his report, Pedler says that Robe Mesa is a low-cost, direct shipping iron ore deposit which, based on the pe-feasibility study, has potential to generate strong financial returns.

The PFS put the pre-production capital cost at A$51m and life-of-mine C1 cash operating costs at A$65/t, with total cash costs of ~A$72/t.

The PFS was based on an assumed conservative iron ore price of US$90/t, well down on the current benchmark price of around US$230/t.

Continued:

https://s t o ck h e a d.com.au/resources/emerging-iron-ore-producer-czr-worth-up-to-three-times-current-price-says-new-research-report/
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