re: Ann: Kagara to mine Vomacka Polymetallic ...
HT1, one also needs to consider the hedging position of the company. Which is quite favourable.
60% of zinc production this quarter is hedged at US$1.07/lb. 75% of copper production this quarter is hedged at US$3.28/lb.
So if metal prices recover the following quarter, KZL should barely feel the current slump. NTA of 67c/share, no debts, plenty of cash on hand, backed by China (hacked by Rudd), I personally think this one has gone into bargain territory.
KZL Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held
