35k traded and price still holding up which reflects most are holding positions based on the large amount of volume gone through on friday and monday. I would expect that an annoucement would be right around the corner as you dont have that much volume without no news to follow.
CAZ imo is the most undervalued iron ore play on the market with our market cap less than 50 million, 10 year project with high grades and mining expected to begin this quarter, port approval pending with all the major strategic partners batting for us at the crease, DFS to shortly follow (possibly within 2 weeks - just need to upload a spreadsheet I would say) port approval which should spark an interest into the economics of the project, environmental approval expected within the next 2 months. If this company is not valued over 200mil after all the news flow, I would suggest that a takeover offer would be looming. 200 mil market cap is 4 times the shareprice which puts caz at around 1.60 within the next 2 months. Is it worth buying caz at 41.5cents? I would say so, and rightly so that many are holding their positions - signified by the oppies holding up.
CAZ Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
