KZR 4.35% 11.0¢ kalamazoo resources limited

Ann: NST: Northern Star Divests Ashburton Project, page-29

  1. 620 Posts.
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    I have ELY ,also Fosterville South which has had a big jump secondary to a discovery at its Golden Mountain prospect which is east of the Fosterville mine .No news related to drilling south of Fosterville mine .
    Let me play the devils advocate about the recent transaction .If KZR was so convinced that it was going to find something at its Pilbara property or its Victoria property ,why bother to take on another responsibility ?This new property is a cast off from someone else ,who in fact didn't pay any cash for it (northern star),just agreed to a royalty from the previous owner who got rid of it also a few years ago to Northern Star .So to me the tea leaves dont look very promising .KZR only has a certain amount of money (which is going to be needed for drilling)so to take on another project at this moment in time doesn't make sense to me .
 
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