Well the CR is now out of the way. They should have ~$10mill in the bank, and currently capped ~$17.5mill. If you read today's ann they have just announced an imminent commencement of a big CY in the field. B2Gold probably have had a big say on where they stick the drill. They've got district scale land and existing resource to underpin the price. It's very similar to DEG pre Hemi motherlode and thats the general investment thesis behind it. If gold juniors finally get some flows then you can make a case that this might catch a bid too.
Probably needs to take time to consolidate these CR/SPP loss takers. Anyone relying on TA would not buy this chart and I dont care if it drops a few pips etc. Its an FA play for me.
MZZ Price at posting:
3.3¢ Sentiment: None Disclosure: Held
