Nice to see people waking up to the story.
These guys have a jorc resource and an exploration target.
They want to get to 1mil oz quickly and very high chance they will.
Red Mountain has all the right signatures and just needs to be drilled.
If it comes out looking like Mt Wright (1.2mil oz very very profitable mine) then stock goes to 50c quickly.
If it a duster so be it but nothing in current share price for any chance of success.
This all before we look at the other players in the Southern cross belt.
Lets start with NMG $200m market cap has less resource than ZNC but does have higher grade and production.
FRS $60mil mkt cap. Cant see any jorc resource but top quality management who are talking big and want to consolidate the belt.
Seems to me that ZNC is the no downside and massive rerating potential and Red Mountain free option best bet.
Nice that people are starting to pick up on it. Cant wait for an into to discover it.
Nice to see people waking up to the story.These guys have a jorc...
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