CZL 0.00% 4.8¢ consolidated zinc limited

Am I understanding this correctly? Currently mining 4,000 tpm...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,800 Posts.
    lightbulb Created with Sketch. 824
    Am I understanding this correctly? Currently mining 4,000 tpm and actively ramping that up to 10,000 tpm over the next few months. Composition of mined dirt is approx 14% Zn, 2.5% Pb and 17 g/T Ag. The Zn alone, will ultimately deliver profit of around US$1,400/T (based on C3 costs of US$0.50 /lb and price of zinc around US$2,500 / T.  Ignoring the Pb and the Ag, and factoring in 90% ownership and an exchange rate of 0.72, that is around A$30 million in annualized (forward looking) profit from year end.  For a A$20 million market cap company??

    The fundamentals look compelling.

    So what gives? What is the market waiting to see before rerating commences? What is the lingering doubt? Am I missing something?
 
watchlist Created with Sketch. Add CZL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.