thats a good point, but any bounce would see it, as a near term producer, back to say 80-90c but on production and upside, long holds would be rewards.
Short term money might grap the 1.20 now, if it came, longs would wear the drop to 50c, bounce to 80c, and climb to 2-3 dollars in as many years.
SO it really depends on invest strategy.
As the audio BRR said, these guys have been going for 10 years, and very low exploration cost per lb nicol resource, so with 90% province unexplored, spend a few dollars, and massive upside potential on resource.
Why else do you think ZFX is prepared to pay cash for it in the market conditions right now?
Do you think ZFX are fools, who would just throw money at anything. It would be a very carefully planned aquisition, and ZFX would not make the decision lightly if they didn't actually agree with the hugh upside.
Cheers
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
