An excellent report. SRZ has a unique combination of being in the right metal at the right time with a global first quartile resource (this is seriously high grade stuff - bigger deposits out there are running at around 0.5-0.6% ie just half the grade).
The artisanal style 12% deposits in Myanmar are now GONE. Maintaining future production in Burma will require big capex and resource definition.
The decision to fast start at greatly reduced capex will prove a winner given the right execution that I am confident management can pull off.
The best part is it is flying completely under the radar and has recently raised its capital at 3.5 cents where we are today.
I have taken a stake.
Cheers
-Cali
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $34.31M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $37.72K | 2.414M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2812544 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 143828 | 2 |
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| Last trade - 15.32pm 18/11/2024 (20 minute delay) ? |
| SRZ (ASX) Chart |
