GDA 0.83% 29.8¢ good drinks australia ltd

share price of CAZ still going well and increasing GDA's share...

  1. 3,267 Posts.
    share price of CAZ still going well and increasing GDA's share holding value in Cazaly. GDA shares not moving much yet, the "buy side" in GDA is increasing, "sell side" starting to get some gaps.
    This article just came out about 5 minutes ago in the "Mining Daily" ..........

    Cazaly Resources yesterday revealed
    robust economics for its Parker
    Range iron ore project in the Yilgarn
    region of Western Australia, following
    the completion of a pre-feasibility
    study.
    According to the company, the
    project can be ramped up to full
    production of four million tonnes
    per annum within one-and-ahalf
    years, thanks to its close proximity
    to existing and accessible
    infrastructure.
    These positive results now allow
    for the commencement of a definitive
    feasibility study into the project,
    the initial phase of which will incorporate
    a bridging programme of
    further metallurgical work, the
    company said.
    Cazaly will become the regions
    second major iron producer once
    the project is operational, after Cliffs
    Natural Resources' Koolyanobbing
    Operations.
    The study suggested that the
    project, producing fines only, could
    be effectively operated by the company
    or a contractor.
    If Cazaly decided to hire a contractor
    to operate the project, it would
    cost $78 million in capital expenditure
    over the first two years and a further
    $26 million in year three. If the company
    decided to operate the project,
    expenditure would balloon out to
    $148 million in the first two years.
    The contractor-operated expenditure
    would take less than a year to
    repay, while the self-operated costs
    would take more than 18 months
    to repay.
    In a report from AAP, one of the
    companys co-managing directors,
    Nathan McMahon, said his counterpart
    Clive Jones would travel to Asia
    next week to find an investment partner
    for the project.
 
watchlist Created with Sketch. Add GDA (ASX) to my watchlist
(20min delay)
Last
29.8¢
Change
-0.003(0.83%)
Mkt cap ! $35.67M
Open High Low Value Volume
29.5¢ 29.8¢ 29.5¢ $1.54K 5.216K

Buyers (Bids)

No. Vol. Price($)
2 2596 29.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.5¢ 17288 1
Last trade - 10.17am 29/11/2024 (20 minute delay) ?
GDA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.