Dabru, persoanlly i think MZM have not reach that stage where people are confident enough to buy in the lot like SDL, FDL,etc but the lowest value MZM is worth is probably around $0.12. Reason being if you take that $5M + $1.6M over the total issued shares (around 50M), you will get around $0.13 so at $0.12, its a real bargain and no one will sell at that price unless they are deperate. The key point now is the drilling in 2nd half of 2008. This will determine the overall factor if MZM can regain the $0.25 position. The million plus buyers wanted a piece of bargain but unless all ord retreat near 5000, i dont see that happening. Lets see what teh 2nd half has install for us Dabru. Open cut on hold 3 should be good if they do it correctly but i hope they will do something about the copper in pilabara. By the way Dabru, do you play warcraft? there is a TD map call gem tower defence, cool game. :)
MZM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
