Just some info for you Telluride, not an argument, but Hanking which hold ~8% of CZN, bought out Primary Gold in 2018 for ~$48M, and they had ~$2B in-ground gold estimate. It's entirely possible when management and SH's are tired of trying to progress a project with funding difficulty.
IMO, these are the types of projects Hanking targets, and tries to buy out for a song. So far, the CZN board have resisted, but for how long...
takeover target for vale, page-9
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Mkt cap ! $3.339M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1074190 | 0.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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