Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

Free
Message: SZM
Reply New Message
Prev Message Back To Forum Threaded View Next Message

So....I'm thinking....

The total market cap of SZM is less than $10 million

They are looking for about $30 million to finance a zinc mine through loans and/or an equity stake in the company.

If FNC is going to put up more than $10 million, why not just take over the company, rather than putting money at risk for an equity stake?

Of course, this is all just speculation....until we know what the real news is.

1 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply