Just had a look at the JORC table. Just on Zn and Pb at current prices they have about $250 million dollars of metal. They are proposing to mine it in about 8 years recovering about 30 million dollars of metal a year. Assuming it is economical at this level they may have a positive cash flow of say 10 million dollars a year. This would easily value the company at 100 million and give them time to find more here or elsewhere. Let's wait for the PFS and see what they say.
CZL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held