Company has just announced a deal with Gujarat NRE, one of India's largest coal companies.
This could be the catalyst to take the company from an exploration junior to a mid tier mining producer.
Market Cap: only a meagre 5 million (with 25 million shares on issue that are tightly held)
The mine has a reserve of 100 million tonnes of coking coal (200 million tonne resource). The company is expected to pump in $65 million to develop the mine, which is likely to start production in 2007.
Once production starts, in 6 months to a year I can see the shares in ZCO hitting $1.
Definitely one to watch