Escrowed for four months only. So if the lithium results justify it, then MZN can sell its shares. Another question is what will Novo release over the next 4 months. If its good the Canadians might drag Scrapton up with it and the shares could be worth a bit more. Could see say 5 drill rigs on the lithium and very quickly prove up a lithium resource.
If Joe Treacy is right and the drill area is somewhere near as good as the Kidman lithium tenements (which HE identified as prospective) then things could move VERY quickly.
Im not into lithium and dont know what a good drill result is. So I guess i need to look at Kidmans results for an indication.
MZN Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held