RE: FCR-EUZ14 Jun 2018 02:49
I am all for balanced discussions and don’t like when people stop negative perspectives. We can’t all be happy clappys!
I feel your pain bobby, I sold at a large loss last year if you recall, because JT was a complete joke using moonlight to ramp this dry.
However you have to give credit where credit is due.... LR & MC have done a bloody good job at proving up a JORC resource, being very resourceful and doing it with a very very tight budget!
I had always kept an eye on it and saw the opportunity once the placing was accounced. There is cash in the bank and costs have been massively cut, so we can be assured the money is going into value creation.
Drilling to the East, Met work and the scoping study all will complete this year and ALL will be catalyts for share price growth.
I have faith in Zinc and the jurisdiction, most importantly both LR & MC wanted a big chunk of the company through their options which clearly shows they want a piece of the pie and aren’t just watching from the sidelines anymore.
It really is a cracking deposit the figures don’t lie, the adjacent mine is a testament to this and this is economically viable if the MET work is good. We all know the projected margins will be rediculous at the current price of ZINC so once news flow returns, this will shift to a much higher share price. It cannot remain this undervalued for long, the most money is made from buying into undervalued stocks with a clear plan for the future, which is what EUZ is.
I always welcome criticism and balanced discussions on these boards so nobody shoot down negative posters because their opinion is perfectly valid, and it’s healthy to continually question your investments imo.
In short the right commodity in the right location with the right scale makes this a great buyout opportunity or JV with a major who may want to come in after we extend along strike, with their own infill drilling and step out holes.
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