You need not worry, i know these guys, they are good at what they do, there will be no hidden surprises.
KZL is about to get a $26m cash injection and a 49% stake in mungana worth about $70m and process reckons Mungana is a dud, with projected cash cost's of $300 an ounce and lots of exploration upside, he only needs to look at the profitability of ridgeway to see how much cash Mungana will generate and it has the possibility to be much larger than the current resource. Mungana deposit very closely resembles the ridgeway deposit and will suit bulk mining.
KZL Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
