KZR 2.94% 16.5¢ kalamazoo resources limited

Best risk vs reward gold exploration play on the ASX

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    Shares on Issue ~90m
    Huge insider ownership ~45% (company linked to CEO's family)
    Share price 12.5c
    Market Cap of $11.2m
    Cash & receivables of $6m (of which $4m can be used for drilling)

    Enterprise value of $5.8m for tenements that have historically produed 5.2Moz of gold from shallow mining. The tenements have not been explored properly using modern exploration techniques, nor has the ground been tested to depth... could KZR be sitting on the next CYL OR Kirkland Lake?

    For a company exploring in one of the richest gold belts in the world, not far from arguably one of the most profitable gold miners on earth (owned by Kirkland Lake $9b market cap) and also not far from CYL $150m market cap

    If KZR wanted to, I'm sure they could sell their Victorian gold tenements for more than the current market cap. What is so special about the old tenements? well here is a basic overview of the tenements and some information from different sources.

    Recent research paper on KZR

    Old Jorc Statement from a company that previously held the Castlemaine tenements

    old presentation on the tenements here
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