The last CR was priced at 0.25cps
As of last quarterly they would have had $800,000 in bank so no requirement to rush and raise at 0.3cps
Finally got around to reading the results this afternoon and couldn't be more pleased
I tend to ignore day to day price fluctuations and focus on fundamentals
For the first 2 holes and ending in grade this is a stand out result
I cant explain why other companies are worth $50mln or $100mln and CZN only $8mln. Only that time values all things accordingly eventually. This should rerate significantly. I have confidence that these results are not just 2 flukes. Generally if your first 2 holes intersect this sort of grade you have drilled the purple patch.Looking at the JORC resource CZN have at deeper depth this is a developing story. 7 holes all of this grade over 400m spacing would be an open pittable deposit. They could truck and treat this ore to local processing plants. I paid 0.4cps and it is still that after these results so who am I to claim to be an expert
