XAO 0.27% 8,586.9 all ordinaries

Short Term Trading Weekend Lounge: 6 -8th Apr, page-111

  1. 1,472 Posts.
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    Yes. And I agree its trading well.
    And I like the area. The fact that there are proven and trenched pegs in 4CE Kitolo which are not recognised on the map only builds up the area's geology even more. But it does poke some holes in the peer comparison strategy.

    Anyway, the other somewhat, how shall we say... unclear element of the published map is that the BMZ tenement is the area between the green lines. ie: the outer circle, not the central area with the pegs.
    I do feel it would have been easy to demonstrate that clearly if they wished...

    Anyhow, $19m EV for a tenement in a great region is not unreasonable IMO. But BMZ will need to raise cash though. 4CE has $32m EV but has multiple tenements of which Kitolo is the least IMO, plus tin etc. And of course far more advanced and has drill/trenching results to prove their holdings and second phase drilling to start imminently at Kitolo. AVZ a different league entirely in terms of advancement and proven grades and intercepts.

    I wish BMZ 4CE and AVZ all the best. Long term I think the region will deliver big time.
 
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