ZGM 0.00% 0.6¢ zamia metals limited

- where's the supposed metallurgical testwork results?- where's...

  1. 2,801 Posts.
    - where's the supposed metallurgical testwork results?

    - where's the scheduled resource upgrade?

    - where's the 15 indentified Gold & Copper targets?

    - JV progress?

    This company is in a go-slow lockdown for at least 12 months until the capital markets improve and the price of Mo bounces back if at all.

    After sinking $6M last year into drilling of the non-profitable Molybdenum deposit i would prefer management sell the entire deposit trying to recoup the $6M back and look for copper/gold instead.

    There is no benefit to current retail shareholders in giving away half the deposit at a discount price to a JV partner. That only keeps management in a well-paid job for a longer period of time. This will never go mining under ZGM management, it is a punt by major holders(friends of management) that it can be sold up the food chain at a later date on the back of higher Molybdenum prices for a handsome figure.

    How on earth can they raise $15M to complete a feasability study in this market? Nigh impossible. The last great hope for s/h is bonnanza copper/gold hits at its surrounding tenements. We wait.
 
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Currently unlisted public company.

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