CAZEV of only $1.2m at 3.7c (not including recent WML increase...

CAZ

• EV of only $1.2m at 3.7c (not including recent WML increase to 2.3c)
• $11.6m cash and investments, no debt.
• JV (20%) and large shareholder in WML (at least 11.5m although cashflow indicates possible larger participation in raise at 1.2c).
• Directors purchased 5.85m shares since Feb 2020
• $5m iron ore royalty due from project sale
• June quarterly states in "advanced negotiations" re gold and base metal projects
• Pending application on ground adjacent to Panoramic Resources PGM resource in East Kimberley (2Moz Pt + Pd)

IMO wont be at the current valuation for much longer and plenty of upside over the next few weeks from expected news flow. Cash providing downside protection and big potential from acquisitions/JV updates. Perhaps the first Blue Chip Penny Dreadful?



As always DYOR and good luck.