A Quick look at the numbers.
156,562,504 Shares on Issues
Share Price 0.052
Market cap = 8.1Million
Assets
EGZ.TO (energizer resource) = $3,181,087
Cash as at Dec 11 = $2,878,000
JV 25% with EGZ.TO.
Free carried interest in Green Giant Project with EGZ funding exploration until Bankable Feasibility Study.
Latest news on Monday from EGZ confirm JUMBO flake graphite (26th March)
http://www.energizerresources.com/news/481-energizer-resources-discovers-potential-flake-graphite-camp-preliminary-assays-include-614-metre-intercept-at-746-carbon.html
I will query with the company why they didnt release this announcement to the ASX.
Only negative out of this company is the issue with the former MD, which is only to the value of $120,000
Top 20 own about 49% of stock.
Interesting to note that EGZ.TO have a market cap of 64 million. I wonder if they are doing the numbers over MGY ??
Good Luck all.
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