ZNC zenith minerals limited

Can't see Red mountain going anywhere. Extremely expensive...

  1. 620 Posts.
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    Can't see Red mountain going anywhere. Extremely expensive with high risk / reward ratio. You would need $10-$15m to have a serious look. That's a big ask for a $20m MC. Which is probably why stock isn't going anywhere. The board is stale and not sure the new guy is coming up with anything that will get us off the bottom. Punching in a few holes isn't going to do it at DFN.
    Best bet is a farm in for Red with someone who can provide the drill $$. And for the life of me I haven't any idea why they aren't acquiring and consolidating some of the private tenements with resources near DFN. At least try and build up a decent resource a bit quicker than drilling. None of my gold exploration plays are getting any love in the market for extra drilled ounces.
 
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(20min delay)
Last
3.1¢
Change
-0.004(11.4%)
Mkt cap ! $16.41M
Open High Low Value Volume
3.5¢ 3.5¢ 3.1¢ $8.68K 279.8K

Buyers (Bids)

No. Vol. Price($)
5 466243 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 24871 1
View Market Depth
Last trade - 15.56pm 31/07/2025 (20 minute delay) ?
ZNC (ASX) Chart
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