NorZinc Ltd NORZF

Metals & Mining Industrial Metals & Minerals

NorZinc Ltd is a Canadian exploration and development company. It is engaged in the business of exploring and developing natural resource properties. Its key project includes Prairie Creek Project, advanced-staged zinc- lead-silver property, located in the Northwest Territories. It also owns an extensive land package in central Newfoundland.

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NorZinc Ltd > News flash Hazelton on crazy pills !

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Comment by bilarooon Nov 07, 2021 12:34pm

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Post# 34097471

RE:RE:RE:RE:RE:RE:RE:RE:RE:News flash Hazelton on crazy pills !

1) It's fairly clear how they want to finance it. That much hasn't really changed in years if you read back.
Hazelton says in the interview: $175-200 million in debt, $75-125 million in a silver stream, the remainder in equity. So what is equity? More shares or an ownership stake?

2) Zinc prices will remain high for a long time I think. That's the forecast. Biden's infrastructure bill will keep demand high and supply is already low.

3) The mercury is contained in the dry concentrate and won't even be an issue if there is a spill enroute as clean up would be easy. There won't be any cleanup on site. It's all paste and backfill.

I hope this alleviates some fear.

Here is a thought: if you read the CVs of the directors and management, they are all accountants and finance and M&A. Yes, M&A! What if they cut a winter trail this season? What if the updated feasibility study and increased throughput to 2400 tonnes a day is enough to tweak the interest of a real miner? Yes a real miner!

Maybe that's been the plan all along? Maybe a real miner is just waiting in the wings now that all the heavy lifting is done?

Or maybe I'm just dreaming?