Ann: Second Tranche of Assays Extends Strike at Jatz, page-16

Good well balanced post. MZM is by no means a dead duck as the buy line would indicate. Management might need to learn a thing or two about PR and communication, however they are getting good first pass results in the hottest gold province in Australia right now, immediately adjacent to Australia's largest undeveloped gold resource with billions of dollars of gold in ground. All at a time when the AUS gold price is around 10% below its all time high and set to spike and such a great hedge to the current general market downside.

They have other very good leases including Frasers, more than $8m cash and shares, they have a low cap, only about 70m shares on issue and cash backing alone is about $0.14 per share or thereabouts. Can't be that bad ... the buy line and price is ridiculous really and gotta hold at these prices. I challenge anyone to come up with a better valued gold explorer if thay can.