KZL 0.00% 12.0¢ kagara ltd

re-rating of kzl ~ $1.25 to $1.50

  1. 1,140 Posts.

    Hi Guys,

    I reckon re-rating of KZL is around the corner, upwards of 1.25, if not $1.50

    Just a few thoughts:

    1) Base Metals are copper trading upwards of $4/lb, Zinc trading at $1.15/lb & nickel trading close to $11/lb

    2) Projects coming along (though more updates would be good) Forrestenia, Admiral Bay, Mungana

    3) Mungana continues to do well, now trading at AUD1.12, almost ~20% above float price

    4) Large funds finally accumilating KZL, specifically IOOF

    5) Credit Suisse wrote a note in early 2010, mentioning that they are very bullish on Zinc -- I think the articles name was "Zinc - is the new Iron Ore?"

    Not to forget QE2, and its impact on commodoties, and more recently the M&A announcemnets for other mining companies

    So the question is when, not if!! (Provided the world economy doesn't fall apart ofcourse!!)

    Thoughts are welcome...

    Cheers
    Mayo

 
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