Put together a list of the Zinc Players
Based on the below I think IBG looks very cheap compared to TZN and could easily be double its current market cap maybe even higher since I see debt as a killer for spec miners. TZN actually surprised me in the review
OVR seems a no brainer to me to rerate at least to a $10m market cap or 5c a share given peer comparisons
MUX and EMX seem overvalued compared to the others but MUX may have easy access to production and early cash flow via a toll treatment to the nearby mills and EMX has the backing of a heavy hitter so probably explains the interest
Code Shares Price MktCap Cash EV JORC
TZN 1,250m 6c $75m -$20mDebt $95m [email protected]%Zn+1.2%Pb owns 65% of project
Those $20m in convertible debt are a bit of a worry
IBG 440m 10c $44m $5m $39m [email protected]% Zn+Pb
Market leader for a world class Zinc Project
MUX 165m 13c $21m $4m $17m 2Mts@10%-15% might have easy access to early production because of location and infrastructure
TRO 250m 7c $17.5m $500k $17m [email protected]%Zn+4%Pb+1.8%Cu was a takeover merger with HRR but these were the numbers it was done at
AUQ 250m 4c $10m $3m $7m 26.1Mt at 3.3% Zn and 0.24% Cu 50%-60% INTEREST and political issues over project ownership need to be resolved
EMX 560m 4c $22m $8m $14m No JORC Target Only 6Mt-10Mt@7%-10%Zn+Pb
No JORC seems overvalued but thats what the market is saying
OVR 200m 2c $4m $1m $3m [email protected]%Zn+Pb permit had expired and was only today renewed for 5yrs giving certainty over the deposit
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