ZNC zenith minerals limited

they have cash, they better drill the lithium assets or at least...

  1. 1,978 Posts.
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    they have cash, they better drill the lithium assets or at least prepare a drill plan
    if they make any deal now, wont be good. we are at the bottom of the market.
    did you guys the SQM deal with ITM ? my take was ITM dropped all the project for peanuts to SQM
    dnt want a similar outcome with ZENITH
    ITM got 12m$ for 80% of the lithium on their tenements , best scenario SQM will take over all the project for 50m bucks
    now the project that could generate billion in free cashflow is worth 50m
    remember lithium isnt like gold you need to spend tons of money on locating your gold resources
    if they can at least define resources for another prospect like RIO
    from what i can recall, dolphin pegmatite, is a good candidate, that will put them under the lime and many will be turning their heads
    onto zenith tenements
    Andrew if you are reading give it a thought.


 
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