re: Ann: Quarterly Activities and Cashflow Re...
Mick, I wouldn't read too much into it. They know what they have (mosty), they know who wants it (probably) so I tend to agree that redeployment of capital is a good idea.
"The Kamarga Project is located 20kms southeast of the world class Century Zn-Pb mine in north-west Queensland. Century is the world’s second largest producer of zinc concentrate and is scheduled to cease production in 20165. The Company believes that it’s exploration activities have confirmed the significant copper and zinc endowment of the Kamarga Project and affirm its commitment to continue to build the resource base with the objective of eventual economic exploitation."
The Chilean project certainly seems worth spending scarce dollars on.
RMG Price at posting:
0.2¢ Sentiment: ST Buy Disclosure: Held
