Where has all KZL's money gone? If a zinc refinery can remain profitable all the way through the GFC then what the hell has KZL been doing. BHP's Cannington mine made a 1 billion dollar net profit last year. Sure they mine silver and lead, but also a lot of zinc. A zinc refinery buys the concentrate for 80% of the LME price of zinc. When you take out power, people, maintenance costs etc, there is only a couple of percent margin for a profit. But still a profit.
KZL Price at posting:
12.0¢ Sentiment: None Disclosure: Held
