Mungana IPO will accurately value their 49% holding of the gold...

Mungana IPO will accurately value their 49% holding of the gold assets. Cash proceeds into KZL.

Lounge Lizard reserve update 'calculated during May 2010'

I am expecting a big upgrade here - intersections up to 34 metres at 7.6% Nickel.

Minimal development costs - great cash generator.

Admiral Bay pre-feasibility due in June - production of up to 450,000tpa of Zinc - this is 10x current zinc production - with considerable by-product credits.

Imagine the current KZL multiplied by 10.

Big capital costs, discussions with partners already commenced.

I wonder if the 'Big Hungry Predator' hunting for tier one assets will be forced to act sooner rather than later to stop KZL partnering with their Chinese friends on this one.