ZYL is worth 60cents in the ground IMO based on previous takeovers[riversdale et al]We are talking anthracite here.
this stock at 450 mill tonnes in the ground is now being snitched by prudent investors for the equivelent of 10 cents per tonne in the ground. give or take based on a convoluted ownership --its a bit more than that but lets keep it simple for the purpose of the exersise.
So at that rate the stock should be 60cents per share [give or take]
most wise men say the resource will in time increase to 1 billion tonnes with more drilling .At least that is expected by the company going by the figures published for recent seminars.
So on that basis $1.20 per share is not pie in the sky.
Any bites?
Cheers Chooky
we are now priced at 10 cents in the ground
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Mkt cap ! $71.58M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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