CAZ 0.00% 1.4¢ cazaly resources limited

Ann: Annual Report 30 June 2018, page-28

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  1. 198 Posts.
    lightbulb Created with Sketch. 36
    Hi Fluffynymph,

    Thanks for the heads up, i have recently bought in and im bullish on this stock. It is tightly held and there are only 260 odd million shares on issues i might add.

    What i haven't mention caz have a near mine ready iron ore deposit in the Yilgarn region of WA. In 2011/12 an offer for 100 million in cash and 80 million in royalities fell over because caz were not able to gain access to the port of esperance. Well i think that might change very soon as Mineral resources have just bought out the iron ore assets of Clevland Cliffs and have started operations again by rail and will be shipping it through the port of Esperance. The port is good for 13 million tonnes a year and i think Mineral resources are only planning on shipping 6-7 million tonnes pet annum, this opens the door for caz i would think and with a dfs already completed for Parker Range and i believe most of the environmental approvals in place it really does leave Caz in a good position to capilitise here.
    Last edited by Melos: 11/11/18
 
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