RE:RE:RE:RE:RE:RE:RE:News Release - Drill Program Update$1.50 for CZX.
I have zero interest in owning CZN.
$1.50 is completely reasonable (for CZX) and achievable on a buyout. If not even higher...
ilikezn wrote :
I don't see that as a pump by ndiamond. It is actually a conservative number on a buyout. At the moment the deposit at Akie has almost 5 billion pounds of zinc and almost a billion pounds of lead. At today's metal prices that is about US$ 8 billion (Cndn $ 10 billion) in the ground value.
A buyout at $1.50 would mean $250 million purchase price. Getting paid 2.5 cents per pound of zinc in the ground. IMO, that's totally reasonable/acheivable for a deposit worth Cndn$10 billion. It's actually pretty cheap. So $1.50 per share could be on the low side....