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Ann: Manna Opens Up, page-98

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timjames109

752 Posts.

189

28/11/21

11:09

Post #: 57912708
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Originally posted by HaastsEagle: ↑

Your thought processes about what is good here parallel mine. But I am a bit fixated by the growing shortages and inflationary environment in closed WA.

Thus notwithstanding BRB is my flagship I have taken an interest in MZZ which shares many characteristics . Tier 1 jurisdiction (Canada), 837k oz at 2g/t. 95% within 200m of surface and an experienced team including a chair who developed GOR along with one of his sidekicks, and past president of Oceana. Heaps of drilling potential and virgin territory.

The big thing though that intrigued me was that they have a unique regime over there which allows tax advantages to accrue when investors are responding to a capital raise which means they come in at a premium to market price. Dont really understand it but it avoids the discussions we are currently having around BRB.

MZZ has $17M cash. And is well off recent highs.

Bit of diversification if folks are interested.....

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Makes sense & sensible strategy. Spreading your risk.

BRB still have room to run but those that have similar characteristics to BRB that have not run yet or that have pulled back have more room to run

BRB Price at posting: 34.5¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

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Add BRB (ASX) to my watchlist