Ann: Share Purchase Plan, page-31

To both ddzx and Scarpa great posts with some thoughts and diligence towards your opinions. It must be refreshing for many arrivals on the CZL hot copper threads to read these posts rather than the dribble we gat at times.

IMO this is a fairly de risked play with income funding exploration and with a resource update due Q2 2019 to ( hopefully) provide a substantial increase in LOM in conjunction with increase in ore mined to 10,000+ tpm.

As income increases one option they have which I believe BM will use to support an underlying MC of $200 million will be to allocate some funds for exploration but distribute a % to a dividend. Even a 1cent div could push this North of 25 cents

The part that most excites me with this play is that the current mining schedule is producing zinc from a 14% grade resource where as historically 24% has been recovered and some of the target areas for future drilling have demonstrated very high grades as well. Given the current low Zinc price (trending upwards imo) the quality of the asset and ground, BM’s past history and current incentives, the move to production and the most recent move to acquire a further stake to 90% this is a logical play with huge upside and only risky if they can’t prove further resources or zinc prices dive below US $2000

GLTAH
Cheers Rb