The current Copper price is US$3.73/lb which is a great price and well above the cost of production.
Strategy -forget about everything that isn't Cu -sack everyone that isn't involved in Cu production -focus 100% on getting Cu out of the ground as efficiently as possible -hedge 80% x 2 years of copper production at the going rate
This would put KZL in a cash flow +ve position and give us some certainty in regards to the forward price to be received.
Once cash flow +ve we could then cross fingers and hope the Zn price goes up and $AUD down. If our finger crossing works KZL might be able to flog Admiral bay off down the track for a small free carried interest.
KZL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
