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Zena Mining Corp V.ZCC.H

Zena Mining Corp is a Canada based exploration stage company. It is engaged in the business of acquisition, evaluation, and exploration of mineral resource properties located in Canada. The company owns certain mineral rights on mineral claims including barite, located in the Greenwood Mining District of British Columbia.


TSXV:ZCC.H - Post by User

Post by guido1077on Jan 25, 2014 7:33pm
289 Views
Post# 22134469

been awhile...

been awhile......since someone posted here. I think the stock is getting really interesting. Barite should get more demand as oil and gas drilling picks up. It's another commodity where China is the dominant producer (while US production is shrinking). This is the only pure play barite stock I could find. The company has about 8 cents per share in net cash (virtually no debt) vs. a stock price of 10 cents, they're not burning any meaningful cash right now, and perhaps most importantly we just got some insider buying. I'm intrigued check out this link for a useful overview of the barite industry https://minerals.usgs.gov/minerals/pubs/commodity/barite/mcs-2013-barit.pdf
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