MRZ 1.92% 5.3¢ mont royal resources limited

Ann: Completion of Northern Lights Transaction, page-60

  1. 2,168 Posts.
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    It is certainly interesting (when feeling bored or impatient in the wait) to read/re-read an old thread when "Acquisition of 75% of Northern Lights Minerals Pty Ltd" was first announced on 03/09/21 (https://hotcopper.com.au/threads/ann-acquisition-of-75-of-northern-lights-minerals-pty-ltd.6266549/), quite fascinating indeed that there seemed so much (can be 'speculated') behind the scene. Things obviously have changed a lot even from then on e.g. the area where PATRIOT BATTERY METALS and Winsome Resources sit (also within the same James Bay Region, Quebec) where they had some significant lithium discoveries from late 2022. MRZ's Wapatik and NLM projects are approximately 250km in distance between on similar latitude whilst NLM seems closer (some 100km at south by estimate while in similar longitude) to the above PMT tenement. Not sure what will be coming as we haven't had news for a while ( 'secretly' was hoping for some left-field acquisition news from the same hot region based on OKeefe's enormous experience in Quebec), in reality probably will need to see some results from NLM project first as well as further updates from Wapatik (might don't need to look further if we strike some luck). Personally still feel MRZ is running tight/under control while waiting continues, and we still have circa $4m cash at the end of Sept 2022 (MRZ has always been reasonable/keeping minimal in qtrly admin and staff spend) with total some 68.5m SOI so tight registry still plus no fluff anns from this management. So there is hope.. imho only.
 
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