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4.8¢ consolidated zinc limited

Wait for the Qtrly as I think there might be some nice forward...

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136 Posts.

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21/01/19

13:22

Post #: 37175208
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Originally posted by Lazarus65: ↑

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?

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Wait for the Qtrly as I think there might be some nice forward guidance to confirm the numbers. Yep this stock has a lot going for it and the management have and continue to add to their holdings. Even without the price of Zinc going up. IMO.

CZL Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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