Tightly held Aussie junior with massive resource in Greenland and big partners (Glencore, Nyrstar and China Nonferrous) has risen 19.5% today as some smart money moved in to this exciting zinc play. Zinc price continues to climb as LME inventories fall, existing mines deplete, and demand for zinc increasing, especially for Chinese autos.
Crazy it has taken so long for the market to notice zinc situation and this Aussie junior with the largest deposit outside of the majors' control, now with market cap of $20M, make that $25MGoogle it all, fascinating project and timing.
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