MZM story still undiscovered IMO
MZM could get $8-10m alone following Auvex listing. They will use this to drill Peak Hill holdings & no need to raise funds fron shareholders.
Full-scale production is expected to ramp up to a targeted rate of 300,000 tonnes per annum from early 2010.
Montezuma holds 10M shares in Auvex, approximately 14% of the issued capital. Auvex has signed a mandate with Macquarrie Equities Limited and expects to lodge a prospectus for it’s IPO and to achieve listing on the ASX in December 2009.
$4m to come next year from Iron Ore int. also.
About to get noticed!
Ann: New Zone Discovered in Naracoota , page-4
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