Due to make around its current market cap and even if it bounces to 6c, its still under any fair value.
They have the other asset coming into some short term news and more mineral deposits are under review for purchase/pegging. The company is now stripping and serious production is due within a month or so. We are talking about $20m in the first year. You can see the onsite speedy work completed in the announcements.
28 other high grade zinc and lead targets to get the drill bit and they have a stronger exploration team onboard. Management is excellent with a solid track record of getting assets into production. This think is a micro cap down here.
Goes to show us how markets can ignore cracking assets and that is where our upside remains imo.
The off take is sorted and this so called trade war has put short term pressure on the zinc prices. That cant last as zinc is getting squeezed for an upside run. You can be sure its full of shorts and we know what happens to shorts in a tight market over time.
If that calms down, zinc will fly back to the previous highs of around $1.40lb. Its currently about $1.20lb.
Grade is king. This is an interesting producer moving forward. Imagine what this would have been trading at in the mining boom. The announcements point all this out.dyor
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