I don't think it is a case of getting carried away with a takeover - i think it is the activity in the region and valuation the majors are putting on these types of resources shows how undervalued ZYL is.
ZYL sitting on over 360mt of high grade anthracite coal with huge exploration targets and a lot more prospecting land.just valuing current jorc resource they are worth at least 40c p/s, with resource upgrades to come.
also the fact that they will be mining mbila in 2nd quarter, 2013 and have the funds to get to production,
they will be selling Mbila coals for $140 - $180 at the mine gate - massive returns!! then you have kangwane going into production 3rd quarter 2014.
don't worry about a takeover, they will make a lot more money producing - mbila eps at full production in Q2, 2014 would match today's share price easily.
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2.0¢ |
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Mkt cap ! $89.47M |
Open | High | Low | Value | Volume |
1.8¢ | 2.1¢ | 1.8¢ | $89.07K | 4.554M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 3093134 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.0¢ | 545791 | 3 |
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No. | Vol. | Price($) |
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6 | 3093134 | 0.019 |
12 | 2652059 | 0.018 |
28 | 3413815 | 0.017 |
21 | 5985255 | 0.016 |
21 | 5677211 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 545791 | 3 |
0.021 | 4241787 | 9 |
0.022 | 3706644 | 11 |
0.023 | 2639367 | 8 |
0.024 | 4801753 | 18 |
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