re: Ann: Positive PFS for Admiral Bay Lead-Zi...
The market agrees with you at present luckym (remaining flat), I had certainly been hoping for a higher NPV also.
It clearly states that the numbers were based on the 2.1 km (10%) of the Ad Bay target which has been drilled. The time in which further drilling could POSSIBLY improve the numbers (NPV) and costs involved with that are concerning. Underwhelming is an understatement.
The risks involved with this project have in no way be deminished and JV partners will be aware of this.
I for one am quite disappointed and had been expecting more. I will be awaiting further analysis with interest!
KZL Price at posting:
55.0¢ Sentiment: None Disclosure: Held
