haven t seen this for a long time, page-27

I invested because Parker Range was one of the only iron ore projects around that had a chance of getting up and going, as CAZ has stated its worth about $400m if they can get it off the ground

in terms of what more NM could have done about Kwinana, probably not a lot. All I was implying was that the MIN board and management are much more connected to both govt and the business community than NM and was probably a big factor in CAZ missing out

In terms of things NM could have done regarding CAZ as a company, the list is long, for example, they are dealing exclusively with one buyer for Parker Range, who are stalling, CAZ has dropped everything and stopped drilling so nothing is going on, the buyer wants CAZ to completely derisk the project from mining and environmental approvals through to guaranteed port access. And for all that CAZ wont see any money for a min of 6 months after the deal is signed.

If they were going to sell, why not run a formal sales process and see if there are other potential buyers who would purchase the asset on much better terms? you cant go preaching that its worth $400m and then accept a highly conditional offer that is probably worth $70m if you discount back the timing on which CAZ will receive the money and take into account the tax they will pay