right on the money timbo - coal joint venture signed with Grange Resources. The good thing is that CZR are free carried for the first 18 months if Grange elects to proceed; "Grange has agreed to enter into a Joint Venture to spend $1,000,000 over a period of 18 months to earn a 50% interest in KW05191BBI (“Inderapura”) and KW05192BBT (“Tapan”)(herein, “Coal Tenements”), situated in West Sumatra, in the Republic of Indonesia.
I know comapmies talk up their prospects but i like these words in the announcement; "The farm in by Grange into Coziron’s Coal Tenements in Sumatra is an important development. Coziron believes the project area is highly prospective and that there is significant potential to host a high tonnage resource of quality coal." Note the words - "high tonnage" and "quality coal"
CZR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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