re: Ann: Positive PFS for Admiral Bay Lead-Zi...
Process,
They told us at one of the AGM's that they had been approached by every major miner regarding a joint venture on Ad Bay, Kim said that the answer was thanks but no thanks. They had planned to sell the nickel to fund the project, this project was the future for the Company if it wanted to get into the big league, that was before the GFC. Last time it was spoken about at an AGM it was implied that the Chinese backer of KZL would most likely be stumping some if not all the cash for Ad Bay, the Chinese are Hungry for large elephant deposits and especially in a politically stable country.
I think the timeline wont be any quicker due to the size and depth of the operation.
This will not be for the faint hearted, but if you want the chance to make a lot of cash then this is the place to be, it's my guess they will continue to define the size of the nickel deposits and then sell it off, prices will have recovered somewhat and it could be worth the estimated billion dollars that was touted before the GFC.
The other interesting thing that folks have paid no attention to is the ready market in the northwest for the Barite it will produce in large quantities, which is used in drilling.
KZL Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
