CAZ 0.00% 1.5¢ cazaly resources limited

cazaly handballs hamersly to winmar , page-3

  1. 3,947 Posts.
    lightbulb Created with Sketch. 67
    just to highlight how poor this deal is for shareholders

    TLM sold their 78mt in the Pilbara for about $41m plus royalty, which is over 50c per tonne

    CAZ sold Hammersly (143mt), which has signifcantly better upside and has a better chance of accessing infrastructure via FMG, for about the same (35m plus about 4m upfront from memory)

    that equates to a measely 28c per tonne

    cheers NM
 
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