ZincX Resources Corp V.ZNX

Things Are Looking Good

[FloridaJack]

The fact that Tongling has put their efforts and money into this, in the first place, is excellent.

Partners, Teck as well as Korea Zinc too, speaks volumes on the strength of the deposit.

At the very least, Tongling can still participate as a partner.

Look into Teck's property which is adjacent to Zincx's. Teck has it on their development list.

The share price has drifted down on slight volumes. The current share price doesn't change the value of the underlying proposition.

The asks are minimal (172K shares to .14). Try buying a million shares and see what the share price will be for Zincx.  

Canadian government on their website has listed Zincx as advanced stage.

Further, this is from CBC today;

"The U.S. recently passed the Inflation Reduction Act, which includes hundreds of millions of dollars to jump-start a new domestic industry manufacturing components for electric-vehicle batteries.
 
But the industry will require access to some critical minerals, which could attract investment in Canada's mining sector.
 
Ottawa committed $3.8 billion in last spring's budget to develop a critical mineral strategy. Greenwood said progress on that strategy has been slow.
 
"If Canada can move more quickly on its critical mineral strategy, that would be one example of how it could collaborate with the United States, take part in the bonanza of spending that is coming," Greenwood said."

All good things coming........

[easycoder]

"At the very least, Tongling can still participate as a partner" Why would it though? Seems more likely they can use good test results to sell their share.

[ndiamond]

Because Tongling is the largest shareholder and is a mining and smelting company.   From what I understand they have not only copper smelters but also a zinc and lead smelter. They just invested some more capital into ZNX not long ago.   If you look at recent news releases - Tongling seems to be thinking more about development of the resource / depoist - as they are running

[Pensionplan20]

Things are looking good??? A remark from a poster on CEO:  @chris99 Seems likely Tongling (owned by CCP from what I can make out) will sell its share? Is this the reason for the continuous downward pressure on the stock(-price)?  Tongling doesn't seem to be very eager on drill results also when it takes them more then 10 months to produce anything. It would at least

[FloridaJack]

The company put this out November 7th. ZincX Resources Provides Update on Metallurgical Test Work By Tongling Vancouver, British Columbia, Canada – Monday, November 7, 2022 – ZincX Resources Corp. (“ZincX” or the “Company”, TSX Venture Exchange: ZNX, US: ZNCXF, FRA: M9R) is pleased to provide an update on the detailed metallurgical test work that is underway on the Cardiac Creek drill core

[ilikezn]

In speaking with ZNX management,  Tongling has not been the cause of any "delay". The COVID shut downs in China / Shanghai airport resulted in Tongling not being able to take delivery of the core / materials shipped until late summer.   So they have only had access to it for about 3 months.   And from reading the news release(s) -- Tongling and the labs are busy

[dodobee]

How do you know that. Were do you get you information from?

[ilikezn]

The answer is in my post.