Zimtu holds 3.6 million shares of Commerce Resources Corp., currently valued at C$756,000, plus 150,000 warrants (exercisable at C$0.35). When Commerce reaches its recent high of C$0.35 (+59% from current price C$0.22; which we expect to occur within the next months when announcing a strategic partnership to de- velop the Ashram Rare Earths Deposit into a mine), those 3.8 million shares would be worth C$1.3 million (+72% from its current value in the books). Thus, Zimtu would benefit slight- ly more (+14%) from a price appreciation than Commerce‘s shareholders themselves. If Com- merce succeeds in securing a strategic partner, we are confident that the alltime-high (C$1.80) can be reached, which would mean that tho- se 3.8 million shares would be worth C$7 milli- on (+718% from its current value in the books). |