Valuation, page-18

Since PAC will definitely dilute MZN basically gets 1m shares extra when they print another 10m shares.

I have spent some time studying the conglomerate down south and I think MZN might have a good spot. Deadman Flat mine was a mine on MZN's tenements. It had a grade of 20g/t and its gold was thought to be of an alluvial nature. Now MZN knows that there is Hardey formation strike for at least 60km and suspects that the basalt underneath hardeys could be mt roe. If it is mt roe, then there is a chance that we have nugget bearing conglomerate underneath it. This means that MZN still has a huge conglomerate potential. Currently management has considering going out there with George Merhi.