proposed musgrave mine hub to help poz?

Cassini Resource's Nebo Babel acquisition from BHP Billion has helped propel the POZ share price by 38pc - and this may herald a major re-rate.

Earlier today I posted this on the Short Term Trading thread:

POZ - Potash Australia

Multi-commodity resources company with portfolio of exploration assets in NT and WA.

Long

FA

MC: $2.7m
Cash: $2m
EV: $700K

Four main projects:

1. Phosphate: Highland Plains NT JORC inferred resource of 55m tonnes of phosphate rock with Scoping Study for 3m tonnes pa grossing $100pt (current price).

2. Gold: Tuckanarra in Central Murchison, WA. Maiden indicated and inferred JORC resources of 2.02m tonnes at a grade of 1.55g/t Au for 100,700 ounces of gold. Pit design underway. Permitting imminent.

3. Iron ore: Nicholson iron/manganese project, NT. Large area of 1300km with sample grades to 63.7pc Fe. JV option agreement with Jimpec Pty Ltd. POZ 20pc free carried.

4. Copper/Nickel/PGM: Musgrave, WA. Farm-in with Anglo American (MC $A23b) for 30pc free carried. Area covers 619km some 30km north of Cassini Resources' Nebo Babel project just acquired from BHP Billiton.

Cassini plans a Musgrave mining hub. CZI newsflow to benefit POZ.

TA: POZ's share price has climbed 38.3pc in two days in response to CZI's Musgrave deal announcement but is still 70pc below its 52 week high.

With an EV of just $700K it seems an a re-rate may be imminent.