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Canada Zinc Metals Corp. V.CZX

"Canada Zinc Metals Corp is a Canada based company that operates only in one business segment, that being the Exploration and Evaluation of resource properties. The organization extracts majorly zinc, lead, and silver, out of which zinc provides more revenue to the company."


TSXV:CZX - Post by User

Bullboard Posts
Comment by ilikeznon Mar 05, 2012 12:03am
254 Views
Post# 19625525

RE: Canada Zinc Metals - buying

RE: Canada Zinc Metals - buying

I read this from the Moriarity peice with great interest. New resource coming out soon - 3 seasons of drilling to be added to the resource update. Good reason to further add to holdings...

"At $197 rock, the deposit has almost $4.64 billion dollars worth of rock. Interestingly, the deposit is very sensitive to grade. If you lower the cutoff grade to 2% zinc, the theoretical rock value drops to $137 per tonne but the tonnage more than doubles. In theory, the metal in the ground would be worth just short of $7 billion.

There has been a lot of drilling done by the company since the resource came out in 2008. In 2011 they drilled an additional 5,667 meters with results of up to 14.54% combined lead/zinc over 8.5 meters.

The company will be at PDAC and that would be a good time to talk to them and now would be a great time to invest. They expect to release a new 43-101 resource the week of March 12."

Bullboard Posts