share price, page-68

Roblolioa,

Im close to evens on czn.

my view on czn is for 2021 when ni prices hot up.

Looking at absolute worst outcome, that is no resource upgrade and sale of Lynn Lake.

Based on sale of Mel 35k deposit for 12m, Lynn Lake 116k deposit would fetch 35m minimum. Add 1.6m cash and Mt Gilmore, czn has asset backing of 40m versus 4.8m cap. 8x undervalued atleast.

So where is the risk at this price?

On the upside, it's unlimited. 200k to 500k is possible.

200k ni is 2.6b metal worth between 140m to 280m npv or 6c to 12c per share. So at 200k there is potential for 1500% to 3000% gain at this 0.3 price.

300k ni were getting into the 300m plus npv area.

So no risk as assets worth more than cap and blue sky unlimited.

I await the drilling to see whether I buy more or sit where I am.