NZRIF - Nzuri Copper: An Attractive Merger-Arbitrage Opportunity That Carries Some Risks

During the cobalt boom from 2017 up until early 2018, Nzuri Copper (OTCPK:NZRIF) was a standout performer, as the company boasts a very prospective and high-grade copper/cobalt project, Kalongwe (85% owned by Nzuri Copper, 10% owned by a local partner, and 5% owned by the government), located in the Democratic Republic of Congo.

The Kalongwe Project is very advanced-stage, fully-permitted, and features a mineral ore reserve of 7.99 Mt @ 2.94% Cu and @ 0.34% Co, which are outstanding grades.

Source: Nzuri Copper February 2019 Corporate Presentation

Back in April 2018, Nzuri Copper