re: Ann: Positive PFS for Admiral Bay Lead-Zi...
When i spoke to Kim at last AGM he reckoned it would be a 5 to 10 million ton operation and would go for 50+ yrs.
Don'T forget it has been drilled at wide spacings over the entire length of 18km and all holes hit mineralization with roughly the same % of zinc, lead, barite, silver. This thing is a whopper and it is 500m wide and thick and flat.
To all the doomsayers.
If you want to be in a company which has a chance to be in the big league then this may be the place to be, it is not without immense risk but the directors want this company to grow into a big boy and not stagnate, if you cant stand the heat then you know what to do, if you don't like risk then this will not be the place to be. I for one would have liked to be in Rio or Bhp this early in their life cycle.
I am certain that this will not be a 2.5 million ton operation, you don't mine these elephant deposits at those rates, this is just to get the ball rolling.
I am still accumulating.
KZL Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
