Nice results. Nothing to scream your lungs out over but solid.
- 13% increase in zinc production to 17,790t (Q4FY11: 15,709t) at a reduced cash cost of US$0.72/lb. - Steady copper production of 5,739t (Q4FY11: 5,933t) at a reduced cash cost of US$1.74/lb.
Bit on Admiral Bay too:
- Rothschild Australia is managing that process, which is expected to conclude in Q2 or early Q3FY12.
Could be good upside from exploration too.
Nothing on Lounge Lizard...so that might slightly disappoint. They will probably keep news about this up their sleeve for now.
KZL Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
