Following is a quote from the announcement made by Montezuma (MZM) yesterday.
"Montezuma is pleased to announce that Sinosteel Midwest Corporation Limited (“SMC”) have reported positive initial results from work to date at the Mt Padbury Project."
With Sino "happy", it seems to be an indication that will continue their partnership with MZM, which will hopefully lead to eventual mining on Mt Padbury, which would mean they would obviously (imo) look for another close-by partner who has iron also.
MZM are probably doing a better job of talking up their stock than Padbury are.
PDY Price at posting:
2.8¢ Sentiment: None Disclosure: Held
