Ann: KZL:Initial Response to Copper Strike Ltd Ta, page-14

re: Ann: KZL:Initial Response to Copper Strik... Dealer,
Its in the targets statement, yet you choose not to use that as a source of info, even the company has admitted they wont be able to get bank funding, its was in thier own report. That's all i need to know.
Denial is not a river in Egypt.

Lets stick to the published facts in the targets statement and the companies own reports.

If it is going to be 6yrs before payback for CSE then the high grade stuff would be gone and they would be trying to mine the very low grade stuff, i cant see there being any profit in that.

Kagara does not believe that the larger Einasleigh project, including Einasleigh, Kaiser
Bill, Chloe and Jackson projects is bankable in its current state. The CSE 2010 Annual
Report further confirms this by stating that traditional bank financing is not available.

Traditional funding not being available means that the company knows that they don't have a bankable ore body, more drilling and more dilution on its way and it still risks not being bankable.

I really don't care how many shares KZL do or don't get, because unless it is at a reasonable rate its better to walk and let cse try to do it themselves.