After coming back on the boards has consolidated under 2 cents and is now building a good support base around the 2.3 - 2.5 mark. Under new management with a class CEO David Russell, and if their rock dumps contain the copper expected, could be a great leverage play in copper.
Written up by Garth Wendt in Fat Prophets recently under the heading "There is Movement at the Station' - at present has 21.8 m tonnes resource at 0.89% copper with only 25% of the tenement drilled. With drilling results due soon the company expects to significantly increase that number.
The quarterly report says that further drilling of samples are being assayed in Australia at the moment - so there should be some news out this month.
I understand that if this this is an economic resource, then the extraction of the copper is a relatively simple process.
I'm putting this one away for a many bagger.
ZRL Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
