The tonnages are pretty modest, but this will only get bigger and bigger. I was hoping for slightly more but on reflection this was to optimistic. The grades are excellent as usual, but the one thing I like about this is the resource is in the current mine structure so very little expenditure is needed to start and continue mining.
Its pretty obvious that management want to continue to drill and explore further in Q1,Q2 2017 which is great, but at some stage they will have to think about upgrading the existing plant and kicking it in the guts to start paying for continuing exploration and to take advantage of the current Zinc price. The SP over the last few months has hurt LT holders and unless the SP starts heading in an upward direction I doubt they will won't to continue to fund an exploration company. They want a mining company!!!!!!!
CZL Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held