There are a couple of milestone events in the first quarter of 2015 for CZI that might prove to be market moving.
The first is the maiden resource estimate.
And the second is the scoping study result, which will probably be close to the end of the quarter.
IMO the scoping study will have the greatest impact - it will be the first evidence of the economics of the project. Hopefully it will be based on Indicated Resources, so that the financial outcomes can be reported in detail.
The offset is that at the current rate of cash burn, a new fund raise might be in the offing at the time of scoping study report?
Either way another big quarter ahead.
Cheers
Gosouth
CZI Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
