esp with all the mining mergers last night on the TSX......
theres a lot of hungry major mining houses out there.
TZN - 50mT @ 0.06% Zn+Pb @ Algeria = 3,000,000 in ground metal. Mkt cap $200m. $200m/3m tonnes = selling for about $65/T of in ground metal.
ZFX - has about 5.5mt of in ground metal for about $8000m mkt cap = $1700/t
by merely producing, tzn can go from $65/t valuation to $1700/t valuation, a multiple of twenty six. However use some placement dilutions the figure could be closer to about 5-6 times.
looking cheap
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.61M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 70085 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 1055 | 1 |
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| Last trade - 10.45am 19/07/2024 (20 minute delay) ? |
| TZN (ASX) Chart |
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