acturtle...
Which is why I have said... "what they have found will not make a mine".
Story needs to progress, as I also suggested...but do a little research on the location and the ingredients are there.
Many steps to make a discovery...today is just one of them...but with a fully diluted market cap of just $5m at the current price, of which $5m equates to cash when you take the options money into account, the assets are effectively being valued at zero!
Undiluted, they are valued at just $4m, $3m of which is cash!
So...how ever you value the company, their assets are effectively being valued at somewhere between $0 and $1m.
Now we have prove high grade Cu occurrances in very prospective ground with conducive geology...as well as "a set of steak knives" in the form of an "opporunistic find" in a non-targetd part of the tenement?
lol...you can wait if you like...you'll get no argument from me...but I rather like the early entry benefits, even if only with play money at this embryonic stage.
Next will be an expanded exploration program...good results from here will see many others enter and a serious top up from me to add to my current modest position.
I usually have a few of these "hail mary" type stocks, the selection of which follows certain criterior. For me, MZM meets that criterior, both at a corporate and asset level.
Lets come back and discuss what they have (or haven't) in about 6 months.
Cheers!
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acturtle...Which is why I have said... "what they have found...
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23.0¢ |
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Mkt cap ! $50.57M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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23.0¢ | 195 | 1 |
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3 | 52000 | 0.205 |
5 | 342504 | 0.200 |
1 | 5128 | 0.195 |
3 | 465128 | 0.190 |
Price($) | Vol. | No. |
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0.230 | 195 | 1 |
0.235 | 64736 | 1 |
0.265 | 9538 | 1 |
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