Still seem confident about successfully achieving funding/JV partner for Admiral Bay by end April.
Good to see bulk of expected zinc production hedged forward for current quarter at $1.14/lb and only about a third of copper production at $3.79/lb. Should hopefully achieve a weighted average copper price of around $4.10 for current quarter and maybe around $1.10 for zinc.
Would be GREAT to see cash cost of zinc decrease this coming quarter (as say they expect) combined with achieving around $1.10/lb, margin would then expand maybe to around $0.30 or so.
And in the next quarterly, nickel at full production with a table showing a significant cash margin.
Uncle Asty
KZL Price at posting:
79.5¢ Sentiment: Buy Disclosure: Held
