mux announcement

KZL shares coming out of escrow June 10. Current value is about 37 million.

This is kind of how I see things at the moment.

All the red assets have to be sold off in my opinion.

This would leave KZl with about 50 mill in cash, plus the Chillagoe asset base & admiral bay. To finish Mungana they need circa 20 mill, so I think this might be covered by an dilution to 6-9c to raise 12 mill.

At the end of it KZL should have a book value of about 18c.