$moly doubles: zamia a good ground floor play

The recent doubling of the molybdenum price over recent weeks has seen some of the moly leaders such as MOL show a significant upward movement in price.

Zamia is well on the way to delineating its own moly resource and, while it is not yet at JORC stage, the potential in terms of grade and extent seems at least as substantial as that of Moly nines (albeit that ZGM doesn't appear to have any iron ore, though it does have excellent gold prospects.

Market cap of ZGM is little more than $2million at the moment so there is plenty of room for upside. There will need to be a capital raising soon as they have very little cash but with that in mind, those who like to take an early punt might like to take a look at this one.