mungana prospectus lodged, page-21

On a quick read of the prospectus, it seems that KZL isn't offering the Mungana plat as part of the IPO. Reading between the lines, it seems likely that KZL will finish the plant and expand its zinc production to 100,000 TPA. Zinc prices are above $1/lb and they now have the cash so why wouldn?t they. KZL can also achieve further expansion in the medium term through development of its Thalanga (waterloo, liontown) deposits. This would also be a low cost expansion as the Thalanga plant is ready to go. I think KZL offers good growth opportunities over the Medium Term.