hi mate. i post my numbers in addition to @Scarpa. the positive thing is the smelter costs are included in the US$0.51/lb C3 opex because with zinc smelter costs are generally high. looks fairly positive, as long as they can meet the forecast opex, which to me appear conservative. the company TZN just issued another feasibility study with US$0.61/lb C3 for underground mining of 6.3% zinc grade. the CZL grade is more than double the TZN grade therefore the CZL opex of $0.51/lb appears conservative. my calculations say it will take 4 years to mine 445,518 tonnes to earn 6.3 cents per share for the company over the next four years. or it will take 10 years to earn 15.8 cents in cash per share for the company. I include an addition 71 million shares for the 39% acquisition to reach 90% profit share. good luck
CZL Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held