re: Ann: KZL:Initial Response to Copper Strik... Not as red as...

re: Ann: KZL:Initial Response to Copper Strik... Not as red as it will get if KZL walk, as i said in previous post, the project would lose $30m if they spend $130m, it is in black and white in the targets statement.

It certainly looks like kzl will not increase the offer, as they said in the response, the project under cse own admission will not get bank finance.

This deposit is only viable to KZL and its share price will fall back to previous levels without the froth of the takeover offer being there.

As a KZL shareholder, i am happy for them to walk away, the cse deposits are small and low grade in the most part and will not make a big impact on the kzl bottom line, definitely not worth paying any more than 15c and that is probably too much. KZL/ Mungana have been hitting 7% + copper at Mungana and kzl have the rights to anything that is deemed to not be predominantly gold and also own 62% of MUX anyway.

The mungana gold deposit already has 180,000 tons of copper metal as by product and thats not counting the 7% hits they have been getting, more mine-able copper than cse just in the one gold deposit. So in reality they just don't need cse unless it is for the fair and reasonable price of 11c. all the buyers at 15c are going to get 3rd degree burns when KZL walk away.