Yes exactly right. That was the initial plan (look at previous presentations), but it seems they would rather explore further to find a bigger resource. That is all well and good but you need to fund it somehow. At the moment they are asking current SH's to purchase shares off them for 3c to raise approx. $2.8mil, so they can carry on exploring.
With Initial JORC announced this morning, the SP at around 2.9c and the volume a staggering 69 shares traded today, I don't think there will be a huge amount of SH'S taking them up on these at the moment. But hey this could change in a blink of an eye.
CZL Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
