Perhaps the results aren't as easy to decipher the way they have written them currently, as the stock should reasonably be making a move back to 2c on the current resource expectations.
They expect to double if not triple the total resource based on the next round of 800m drilling - i.e a single drill hole
The Figure they are looking for is 300,000 tons of contained metal for a commercial project.
They presently 146,000 tons. If they double it then they've got a commercial project based on that figure, and if they triple it, then things can really get interesting.
Some of that high grade gold is starting to look appealing also, with up to 8.6g/t
Good entry price under 1.5c IMO
They also have a holding in MGV (around 8%) and a JV with QMN - both of which are performing well.
Cash will need to be raised, but IMO not after a serious pump based on the abovementioned.
Next to no sellers up to 2c
ZNO Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
