If.... and if... MZM gets that 500,000 ounce of gold. The price of MZM should be around $0.60. I have use this same concept on other mining company..... MZM already has that 200,000 in reserve.... they need to upgrade another 300,000 ounce. If you want to have a good idea, look at a company call GLN. Its went bankrupt but its number of shares issued and the gold it has is very similiar to MZM and its location is also peak hill which is north east of where MZM is. Problem is the grade of gold produce is not the same as the grade they got for sample. I dont think MZM will have that problem given a prevous company has already produce there before.
If.... and if... MZM gets that 500,000 ounce of gold. The price...
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