Cosan Limited (CZZ)

[echarters]

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18638467

I think it was their strategy from the start. It ain't bad really. That is what the Raglan is, 20 different deposits of medium size.

They sold the money on the idea that many targets that were not mag highs, as Mesamax was not, were missed. They aim to prove that they have many targets that could be successful, by drilling them. It will maximize their chance of finding good ones that will drill off.

If they drill 40 cursorily and concentrate on 20, let's say, then they could spend about 10 million. By that time, with any sort of success, they should be able to raise more money.

One might think that they could miss a difficult but large single target. It's a matter of type of targets and luck perhaps.

EC<:-}

EC<:-}