BLZ is basically a shell looking for good opportunities. Its priced at $6M market cap with $1.2 M in cash. They seem to be assessing projects in the mineral spaces due to the resurgence in interest in the small cap mining sector. Shell price seems a bit expensive but I heard that cierco corporate a Perth based corporate advisory firm are in the box seat.
They have had some winners like YOJ which went from 2 cents to 26cents recently, WGL which went from 1 cent with 1 cent option to 6 cents. TMT recently listed at 20 and went to a high of 34 cents. In the past ZIP went from 20 c to 1.30 c at a high.
BLZ Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held
