Bullboard - Stock Discussion Forum Zena Mining Corp V.ZCC.H

Metals & Mining Industrial Metals & Minerals

Zena Mining Corp. is a Canada-based exploration stage company. The Company owns a 100% interest in certain industrial mineral rights in properties located in the Greenwood mining division of British Columbia (the Property). The Property consists of four claims. The Company has not generated any revenue from operations.

Add To Watchlist

TSXV:ZCC.H - Post Discussion

Zena Mining Corp > cheap option on barite

View:

Post by guido1077 on Sep 03, 2014 3:12pm

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"