CZL 0.00% 4.8¢ consolidated zinc limited

Ann: Significant Mineralised Areas Identified (outside resource), page-4

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  1. 2,176 Posts.
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    Just had a look at the JORC table. Just on Zn and Pb at current prices they have about $250 million dollars of metal. They are proposing to mine it in about 8 years recovering about 30 million dollars of metal a year. Assuming it is economical at this level they may have a positive cash flow of say 10 million dollars a year. This would easily value the company at 100 million and give them time to find more here or elsewhere. Let's wait for the PFS and see what they say.
 
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