The results are significant because it validates their model on the mineralisation and where the source is that it flows from - i.e meaning that they now know where to drill to hit further massive sulphides and at what angle. Very likely the will sink further holes much closer to MKBC002 and extend that hole itself significantly deeper.
Basically they now know exactly where to drill to excite the market.
Hitting that 1m of massive sulphides @ 17.3% Cu on the first hole is excellent, not to mention the broader zones up to 30m
With a further 140m+ of MKBC002 to come, you'd expect the market to start pricing in some speculation early next week.
No better place to get set than 52 week lows with almost $2M of cash and cash equivalents, their listed scrip in MGV below cash backing and doing their own drilling and GSE potentially encountering further massive and semi-massive sulphides with more drilling scheduled
A no brainer, no - but a seriously good punt sub 1c
ZNO Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
