The key points are that ZRL has only inferred resources and that they will need $150 mill est. for production.
The positives are that the inferred is only from 25% of 1 strike so there is the potential of a massive upgrade in resources once they get the cash to have all the samples tested and extend the rigs throughout the rest of the most promising strike.
You only need to really need go back 12 months IMO to get a decent understanding of the company.
As I have said before, perfect scenario would be an approval of the large scale licence and conversion of inferred to a professionally guided estimate of copper which will make the cash sourcing a lot easier.
Let's just get the hopefully good news in and see if other share advice companies get onto 'the Bulls' coverage of this one.
DYOR please.
ZRL Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held
