Current price of zinc AU $3651 with C3 costs of AU $1582.....
Plenty of margin and no need to worry about minor rises and fall
I think there are a few take away's from the latest announcement but for me this statement encapsulates why this will seriously re rate
“This is an exceptional opportunity for CZL to increase value for shareholdersand is by far the best opportunity identified to increase production of zinc, lead and silver in the near term.We continue to execute our plan to rapidly grow CZL into a mid-tier zinc producer, and we will be ramping upproduction at Plomosas over the coming months to build on this plan.”
Anyone bagging this stock, and you know who you are, are clearly upset at not having their bags full at 007 & 008 on the announcement to mine. Advice for those..... It's not going bak!!!!!! so fill up you accounts at 2.1 - 2.3 cents and enjoy the huge growth that this stock is going to go through and stop sulking.
For any share holder who hasn't read the latest Notice of Annual General meeting then you need to ......
The new round of performance shares have targets set which if reached will take the share price well beyond 40 cents. There is very minimal capital which will need to be raised from this point moving forward IMO as the income should fund further development and drilling plans.
Brad Marwood's Performance contract see's him effectively receiving $4 million once the market cap reaches $200 million (10 x ) current MC. Marwoods history is strong and every move he's made since his April appointment has been spot on. His decision to contract process was genius and is easily scalable. Samta Eulalia has contract processing capabilities of 4 x our projected output. The last tranche of the Share Performance Plan has Plomosas producing 16,000 tpm. Do some sums people...... If the next production update is at or above target you will be lucky to buy shares under 4 - 5 cents IMO.
No need to say any more.....
GLTAH
Cheers Rb