There's about 3.5B shares on issue so what would be an acceptable sell price if RIO was going to make a bid ?
5c would be $175M bid 10c would be $350M bid. 20c would be $700M bid.
Does anyone have a valuation here on the CZR iron ore play ?
I guess Creasey would like to make some money here.
Realistically I don't think RIO would be interested or value in any of gold tenements ... to me its a logical to extend their existing iron ore boundary to take over CZR with all their infrastructure already in place .... will definitely give RIO the upper hand over any other rival bids.
I guess there's other hurdles to consider such as native title, environmental & mining licences approvals.
All of the above is totally hypothetical at this stage ... still it would be brilliant if this came to fruition.
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