Ann: Kalamazoo completes sale of WA Gold Project for $7.0 million, page-17

There is no doubt KZR has potential as a gold exploration company in Victoria's Castelmaine Goldfields - IMHO/DYOR:
1/ "Finding the hard rock source of the alluvials has been the exploration mantra of the goldfield in the modern era"
2/ KZR has the benefit of the information from a massive database and drill cores kindly left behind by the departing LionGold from almost 20 years of work in the field. Chair Reinehr says it probably has a $20m replacement value.
3/ The average historic drill hole depth in the goldfield is only 137m
4/ KZR is well funded as has potential to spend on exploration $7m+