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4.8¢ consolidated zinc limited

Yes, it seems that mining, production and income is underway. It...

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rattle

4,142 Posts.

178

30/01/19

17:47

Post #: 37268999
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Originally posted by rarebird1971: ↑

Have had a look at the quarterly activity report as well as the quarterly financial report and most importantly for holders the following statement

“ Revenue from the sale of Zinc and Lead Concentrates to Grupo Mexico under the Tolling and Offtake Agreement, and cash on hand at the end of the quarter are forecast to provide sufficient funding of the forecast cash outflows during the March 2019 quarter.”

This ultimately means no cap raise IMO and a strong monthly production report next week should finally see a re-rate of this undervalued asset. Patience is the key here...

Zinc on the rise
Dollar remains in exporters favour
Decrease in costs
Increase in production
Zinc stocks still low

GLTAH
cheers
Rb

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Yes, it seems that mining, production and income is underway. It would be good to see them pull it off from here without the necessity for another capital raising.
That would be quite an achievement, and give confidence for the future.

CZL Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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