Admiral bay is the future for KZL, it is risky but it will propel them into the big league.
If you ever attend an AGM you may realise how big it actually is, when i was talking to one of the guys last year, he was very confident that the mineralisation was probably about 22km long and not 18km, which is what they currently know.
The deposit is deep, but mines of this depth are fairly common so there are solutions to all of the challenges, the one thing about it is, the deposit is thick, level, wide and consistent and has already been widely drilled by meridian oil who hit mineralisation over the entire 18km that they drilled.
It is a whopper, i know a lot of posters are questioning the 72m tons that they are talking about but this is just to get the ball rolling, there is every chance that this deposit will come close to 800m tons if the strike length does run out to 22km
One thing i do know, the Chinese are there for Admiral Bay, i will be very surprised if they are not the ones that will end up funding it.
KZL Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
