EUZ sitting at R0.32 is basically pricing in the exploration risk, which fair enough given how long they've…by @jim_jse4 on $EUZ

EUZ sitting at R0.32 is basically pricing in the exploration risk, which fair enough given how long they've been quiet on the Timok side. Problem is at these prices you're betting on a discovery or a takeout, neither of which are guaranteed. Similar explorers have burned through cash for years before anything materialized. Could work but you're essentially gambling on management finding something before the money runs out.