Ann: January Production Update, page-18

First 18 Last

Share
Profile

Follow
Froggy $

2,296 Posts.

229

12/02/19

18:21

Post #: 37414215
Share

Originally posted by rarebird1971 ↑

Well another month and further progress.....
10% higher development than Dec and an increase in production albeit a small increase but on target. If one considers the wastage total and considers that management expect to be into the higher grade ore over the coming months then we should be in for a bumper few months. I'm not too concerned about the momentary drop in price today to 1.7 as there was only about 100K worth of shares traded. This is not a huge amount and represents about half of 1% of our market cap. The vertical incline is underway and stoping continues.

Welcome aboard Froggy I believe you are well and truly ahead of the market..... These are my calculations and even allowing for dilution in relation to performance shares to BM, SC & AR's the share price looks pretty good on a conservative model. By the middle to end of the year I feel we can achieve 10 cents or more given that I have only used a P/E of x5 and a recovery of 12% Zn. I have also tried to use conservative Zinc price and exchange rate as well as inflate C3 costs until the vertical shaft is commissioned.

Good times ahead especially if the metrics remain or improve. Patience is the key with this stock.........

GLTAH
Cheers Rb

Expand

Thanks RB

Im sure i have a chart somewhere that puts zinc at the top of the sort after mineral going forward . I'll post it when i find it...
Thanks again

CZL Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chaos reigns markets – so let's take stock of where we're at ahead of December

There are more pages in this discussion • 2 more messages in this thread...

First 18 Last

Add CZL (ASX) to my watchlist

Ann: January Production Update, page-18

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chaos reigns markets – so let's take stock of where we're at ahead of December