The crux of the matter is CAZ does not have port access and probably won't until Esperance comes on stream.
Mike Young of BCI said: "You can have the worlds best iron deposit, but if its in the middle of nowhere and you cant get it on a rail line and you cant get it on a ship, then youve just got a big pile of dirt".
If this announcement had been that CAZ had gained port access, the shares would be trading at 60c plus.
CAZ Price at posting:
39.0¢ Sentiment: Sell Disclosure: Held
