is it cheap or does it have more to drop, page-10

Hard to make comparisons with so many variables, but theres TSX listed Fortune Minerals market cap. $70m and EastCoal Inc market cap. $60m, both developing 2-3Mt anthracite projects.

I think you could make arguments both ways about ZYL being over/underpriced in comparison. ECX has a lot of existing infrastructure as its been mined before and also has a coking project. FT has POSCO as a partner and potentially a huge deposit with 1Bt plus via a pre JORC code standard, building rail so big capex but also a decent gold project.

For ZYL I think the ace is the chance for domestic sales so an offtake deal would be big and you'd like to see SA power issues resolved, continuing replacement of coke with anth in the mills and the gov leaning on chrome to be processed in SA not exported.

Get management cracking too, JSE died, Mbila 44% still not wrapped up I think its been 9 months now, and I thought they would have done a bit of work before deciding the 2 banks were their preferred finance option so thats taking a bit longer than I expected, maybe thats why they got the new guy?