The projects are of similar geology, and infact are on the same trend. So this takeover represents the closest we can get to putting a value on Xique Xique. The company needs to drill XX and come up with a JORC estimate. The first estimate could produce a large resource. It's my opinion that the first estimate for XX will be in the 500 to 700m tonne range. This could potentially put BZL at $1 per share if we use $0.50 per tonne. Again this is a biased opinion but I have put my money where my mouth is on this one.
BZL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
