Obviously the market doesn't like the acquisition of the Develin...

Obviously the market doesn't like the acquisition of the Develin Creek tenements, or more likely might be the capital raise. Both Zn and Cu pretty much on the nose at the moment.

ZNC got some decent hits at some of the prospects out there, but never followed up properly due to WA-centric management, drilling always seemed to be a bit of a half-hearted effort. If QML have got this cheap (which it looks like they have) then it could be a decent counter-cyclic acquisition. Don't worry too much about the rather ordinary/lacklustre existing resources quoted, they don't include anything at Sulphde City or Scorpion. The last round of drilling at Scorpion and Sulphide City were breakthrough drill holes that showed the true potential of the ground, As a ZNC holder I kept on nagging ZNC to drill at Sulphide City and Scorpion for years, and they finally did, then they stopped drilling once Li fever set in.