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CZL

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4.8¢ consolidated zinc limited

Ann: Annual Report to shareholders, page-6

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PinkDiamonds

3,390 Posts.

32

23/10/18

15:16

Post #: 36226663
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Originally posted by badhan ↑

Good find. This will have no barrier.

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Thanks, the only thing that confuses me in the report is the quote the most recent CR as at 0.012c when it was 0.024c

Originally posted by PinkDiamonds ↑

Interesting that the Incentive Table on page 24 shows 90% of Plomosas to be obtained by the same date the options expire. Based on the below I'd feel safe to say there should be no reason why the SP won't get to $0.06 between now and 30 June 2020. I'm expecting 0.06c by 31st of Dec 2018, just my opinion though and could well be wrong.

The Incentive Options will be granted in three classes each exercisable at $0.06 and with the vesting date and specified expiry date set out below:

Class B Incentive Options
The date on which the Company achieves 90% equity in the Plomosas Project and commencement of early production
31 December 2018

Class B Incentive Options
The date on which the Company commissions plant and mine operations
30 September 2019

Class C Incentive Options
The date on which the Company achieves >200,000tpa production levels
30 June 2020

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Apologies for the typo - the first Class should be noted at Class A not B.

CZL Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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