STTCOMP CZL, FA LONG
Market cap 12m approx. including recent raise, cash 2.5- 3m approx including new raise
Zinc exploration play
Short and sweet:
1. Zinc prices doing very well
2. CZL currently undertaking 70 holes drill program
3. 3 rigs working on site while drilling commenced in November
4. As per last announcement which came on 15 December, first assays due shortly... (shortly is the word used in the announcement. One would assume it should be any day?)
5. Further results to follow next few months
Looks fairly good keeping in mind previous very high grades of Zinc
As always buy sell or hold based on individual risk appetite.
