if you think zco looks cheap ,have a look at tmm they are S ELLING 80,000 tonnes of magnetite for coal washing and only have 18 million shares on issue. last year sales of $14 million and after tax profit of $2.5 million.and all the plant is paid for. zco plan to produce 100,000 tonnes AT A CAPITAL COST OF $20 MILLION how many share issues will that take.
ZCO
zelos resources nl
