OTCPK:CRZNF - Post by User
Post by
bluemoon63on Mar 03, 2012 7:55pm
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Post# 19622985
dug up this from an investment newsletter a Greg M
dug up this from an investment newsletter a Greg M
dated march 3, 2012
https://www.miningspeculator.com/
I know something else about Canadian Zinc...
Environmental approval wasn't the only permit needed, though it was enough to send the stock higher.
Next, the decision goes to the Federal Minister of Aboriginal Affairs and Northern Development, who either accepts or rejects the environmental approval. He has ten business days to do so.
Today is day nine.
If approved (and I think it will be), the project then moves to the regulatory phase managed by the Mackenzie Valley Land and Water Board, with input from territorial and federal agencies for final permitting and licensing (I mentioned the bureaucracy.)
Because this was already an existing mine, the company could be a major producer of silver and zinc very quickly.
Internationally recognized metal analyst Greg McCoach has written that once the permit is received:
[...] this stock could be $10 to $20 very quickly. Remember, this is not an exploration play; this is a story that could be a major producer of silver and zinc within six months of receiving the final permitting.
You don't see too many situations like this; it is very unique.
The measured and indicated resource is capable of supporting a mine life in excess of 10 years at the planned 1,000-tonne-per-day mining rate. With the inferred numbers, you easily have a mine life of over 20 years and still have plenty of extra exploration upside potential.
I like the odds and the potential payoff.
And I'd be buying shares of Canadian Zinc (TSX: CZN)(OTC: CZICF) ahead of that looming decision — just like I did back in October.