http://www.*.com.au/companies/news/176886/ram-re...

http://www.*.com.au/companies/news/...n-world-class-mining-jurisdiction-176886.html

Here is a classic example.... via this recent asset float. It went as high as 16 million MC recently and they only have a OPTION to own 80% of it.  Watch out for the shift on our economics it is key its borderline embarrassing for a EV of 3.8 million here at OVR.


Keel Zinc Project
Ram has a 12 month option to acquire an 80% interest in the Keel Zinc Project, which covers 66 square kilometres over low use farmland in the Midlands region of Ireland.
The project hosts a JORC resource measuring 6.9 million tonnes grading at 5.6% zinc and 0.8% lead at a 4% zinc cut-off.
The Irish Midlands ranks first globally in terms of zinc deposits discovered relative to land area.
Ireland has a long history of mining operations, is one of the largest exporters of zinc concentrate to European smelters and ranks ninth globally in the Fraser Institute survey for exploration.


Undervalued ASX zinc explorer
The option to acquire Keel means that Ram has joined a small group of advanced ASX-listed zinc explorers.
At its current share price, Ram has a market capitalisation of A$11 million making it one of the most attractive investments amongst its zinc peers on the ASX, which range in market cap up to A$300+ million.