Having gone through the Mackerel Prospectus it more than justifies it $60m valuation PLUS.The 25% free carry on Earaheedy is very valuable and I am sure we will see investors switching from Rumble into Mackerel to avoid dilution and given the pre emptive right nothing corporately can happen to Rumble without Mackerel having a say.(Very Valuable to an acquirer.)Mackerel is also about to start drilling on its 100% owned adjacent ground .Of the other assets clearly given whats happening in the QLD copper space the Devlin Creek project has plenty of value.It has 4.9mt JORC resource at 1.2% cu, this is worth about half the Mackerel valuation in my book given what other juniors without anything close to a Jorc resource are trading for.Earaheedy and Devlin Creek justify the $60m valuation so your are getting all the other projects for free.Red Mountain is the big outlier it is in the right address with plenty of multi million ounce deposits near by so could be super exciting when they get the drill rigs turning.Split Rocks gold plus the additional gold assets are worth 5-10cPotash I know nothing and don’t know what its worth.But the BIG question you have to ask is:How has management let the remaining Zenith Lithium portfolio become so unknown to the market that it is worth a pathetic $38m quite extraordinary.!!!!Splitt Rocks Lithium down the road from Mt Holland with a fee carry from EV Metals paying for all the current drilling is worth $38m alone.!!!Let alone recently drilled Mt Ida project which is in a fast growing Lithium corridor and could get significantly re rated on any good results from the 12 holes completed.And you get Waratah Well both Lithium and a big Ni pgm target that is about to be drilled.How has the valuation been able to happen.!!!!
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zenith minerals limited
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How poor is Management. Rumble watch out.!!!
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Last
3.1¢ |
Change
-0.008(20.5%) |
Mkt cap ! $12.76M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.1¢ | $10 | 317 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 30000 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.5¢ | 44117 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30000 | 0.030 |
1 | 100000 | 0.028 |
1 | 100000 | 0.027 |
1 | 40000 | 0.025 |
1 | 52166 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 44117 | 1 |
0.040 | 75000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 14.50pm 16/06/2025 (20 minute delay) ? |
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