Let me tell you what will most likely happen...... :)(my view only)
I will use my BRM days. (Look up the history…….)
ZYL will now move up slowly as the news filters out.
BRM. $0.50c for a number of years. then they had a JORC rating (Positive) stock moved up to $1.20c and a CAP raising at this price. They then came out with the BFS, stock moved to $2.80c along came the cap GFC stock back to $0.40c. Then recovery and finally a hostile bid. $6.40 all of this without any Iron Ore being removed from the ground nor rail or transport being committed to.
So as I'm a betting man. ZYL will get some funding now. Then continue the story and gain control of all other areas of interest. They will get a JORC upgrade rerating off the back of the BFS. And will end up with a takeover offer within the next 24 months.
bfs, page-28
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