cazaly pockets a handful from winmar for hamer

Cazaly pockets a handful from Winmar for Hamersley.

Winamr
Market Cap (Undiluted): 16,341,356

Has 51% of a project thus the share market says Hamersley is worth 33million. Then a really silly Nathan sells 49% for what was it 35million valuing winmar at 70million or so (but they aren't worth that, see market cap). Bloody nice work is all I can say, keep it up Nathan.
Caz now has
Market Cap (Undiluted): 38,748,520
and thats 35 million in cash
so that values parker range at 3 million
But wait these more
RBS have estimated $74 a tonne op costs for MIN Res ? compare that to Cazaly?s $55 for Kwinana option and i think only $8 a ton more to Esperance.

This company has to be the most undervalued assets I have ever seen, there maybe a slight question over getting to port but Esperance will come. And it appears as Nathan is pulling out all stops and looking at many different avenues to market, I'm beating on it being pulled off. Even in this simple example the potential for $2 is clearly there, even potential for a $1 divvy per year as well. so what if you wait 12 months more, it might only be 2 months away or 2 days so get out and miss the boat.

At least for the next 12 months there will be no dilution from cap raisings.