The Bellary Dome project was always a long term project. The work MZN did, despite producing good results, hardly moved the SP. If they were to commit the necessary funds to do some real exploration on the conglomerate (drilling plus bulk sampling) then years of work would be necessary before the resource, if any, would be known.
The Canadian market is is a stronger believer in the conglomerate story and it seems they are prepared to extrapolate a LOT further ahead than the Australian market. Hopefully that will last long enough for MZN to be able to cash in shares if necessary OR until the results obtained justify the premium they are prepared to give SP's. Either way MZN wins.
The more I think about this deal, the better I like it.
The Bellary Dome project was always a long term project. The...
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