fin rev: eze reborn: chile mining explorer

Financial Review: Ezenet reborn as mining explorer in Chile



I only just came across this recent Financial Review Article written after the first exploration acquisition ann (Chuminga: Cu, Zn, Au), but before the 2nd acquisition ann (Vega: Au).


The article reinforces a couple of key points for me (apologies for any repetition):

- Dr Wolf Martinick (Ex Ch)owns over 20% of the company.

- The top 20 shareholders can pass any resolution (scrip tightly held).

- "Chuminga is particularly appealing because it's had limited exploration, but the results have been convincing"

- A member of the current owners family is set to join the board (...to me, this means that they see this venture as a mechanism to develop their resources while retaining some ownership via shares in EXE ...so they are well on board the EZE train)

- Consultant geologist Dr Brad Farrell is also set to join the board.

- "all indications are that we'll be drilling into an ore body with good results."

- BFS with-in 3 years.

- Other multinational's had explored but pulled out as it was too small for them.

...more interesting the more I find out.

Cheers,

John S.

NB: The above is all pre VEGA acquisition ann.!