What's the going rate for mining staff these days?
Whatever you think it is...multiply it x 130.
And then add Kim's compensation @ -$30,000 a month -$360,000 p.a. How many other board members or directors dropped x4?
Net operational mining profit from Lounge Lizard was a paltry 2.1 mill per quarter but how much will they save on CAPEX (D&A), mine development, exploration, staff, equipment, taxes, etc now that it's gone?
Plus all nickel stockpiled on site will be exchanged for cash as part of the deal. Some 500-700t of pure nickel.
The final result will be positive cash flow and a much leaner, more efficient Kagara, with the flexibility to ramp up production fast, at the right time.
KZL Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
