Friday, May 02, 2008

http://stockcharts.com/h-sc/ui?s=znc.to

Symbol: ZNC.TO
Recent Price: C$0.310
Shares O/S: 79 M
Market Cap.: C$24.5 M
52 Week Range: $0.250 - $1.050

Zincore is a zinc explorer with advanced properties in Peru.

Company recently announced prefeasibility study of its flagship project with NPV of $70 million. Project is high grade with potential for expansion.

Fundamentally valuation is very attractive. Stock jumped as a result. Chart forms a double bottom at 25 cents. There is room to accumulate between 25 and 30 cents. Next target is 200 DMA of 45 cents.

I own around 20,000 shares at 80cents.

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