ZGM zamia metals limited

Will most likely be scrapped. The raging oz dollar has put paid...

  1. 2,801 Posts.
    Will most likely be scrapped. The raging oz dollar has put paid to that..And any chance of a profitable mine at this point. The good news is the $3M raised privately will fund the continued drilling of Anthony as well as the scoping study and any other targets surrounding such as Lucky west break Gold prospect. And the dark horse produced in the quarterly... A Moly/Copper anomaly discovered previously by another group.

    My question is.. For the mine and processing plant to get a green light in the event of a PFS, the oz dollar would have to retrace considerably however this may only occur via a bust in the price of commodities therefore affecting the fickle price of Molybdenum.

    It's a catch 22. We need a commodities bust or a spike in the price of Molybdenum. Hard to see the both coming together.

    My investment in ZGM is therefore teetering. Any information put forward will be much appreciated.


 
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