Zinc-copper in Saudi Arabia Copper-gold in Oman (being divested to fund Saudi project)
Has come back to 5c, spot on the 50% fib retrace from the recent run to 7.5c on volume. Wont be going lower so forget about 61.8% for this on TH!
5c $12 million cap $4.5 million cash
Saudi zinc project is at DFS stage:
- DFS technically and financially robust with a mine life of 13 years at 2 million tonnes annually, production to commence in 2016 - Maiden JORC Zinc Ore Reserve 26.1 million tonnes at 3.3% zinc
