Ludin mining just sold 49% interest of Ozernoye Zinc project to MBC in 2009 at $35m.
Just 3 years later, MBC sold 50% to NFC for USD$500m.
what are the Chinese doing now, Were they sleeping 3 years ago?
I searched the Ozernoye Zinc project JORC is 137Mt at 6.2% (Pb+Zn), required USD $1 Billion investment to develop this project to produce 130kt Zinc in 2015.
KZL's AB project JORC 72Mt at 6% (Pb+Zn) 18g Ag, 11% barium, " has the potential to produce 300,000 tonnes of zinc, 250,000tonnes of lead and 4.5 million ounces of silver annually." plus 2 million tonnes of barite processed annually.
"The cost of production is expected to be in the lowest quartile of cash costs worldwide."
----from scope study report.
KZL already spent more than $50m on AB project, so I believe the current book value is around $50m for AB.
KZL Price at posting:
12.0¢ Sentiment: None Disclosure: Held
