TSXV:ZCC.H - Post by User
Post by
guido1077on Sep 03, 2014 3:12pm
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Post# 22902592
cheap option on barite
cheap option on barite Company has $2 million in net cash and a market cap of $3 million with nearly no cash burn. You're practically getting their properties for free. With the stengthening outlook for oil and gas drilling (LNG, etc.) I like the outlook for barite. If this thing gets a look from a developer, this stock could be huge. I like this from the MD&A:
"The 2013 program was and the 2014 program will be mainly property review and evaluation, work on a new Mineral and Coal Exploration Notice of Work Application (“NOW”) and discussions with several potential parties with the goal to ultimately put the property into production via a joint venture or option. The Company was primarily working on the NOW during the six months ended June 30, 2014 and filed a third version of the NOW with the Ministry of Energy and Mines in British Columbia"