AGM Went well. Tons of things in the pipeline as most us long term guys are well aware of, $27m to be spent on drilling.
They are confident of getting copper strike, as was said, KZL is the only option for that deposit as it is a no goer if they have to build there own processor, the copper strike management know that as well, they just have to make lots of noise for the benefit of the holders, when i asked about other possible suitors you would think i had just told a good joke, there was plenty of laughter as there is nobody else who would be remotely interested.
If KZL walk then the copper strike holders will be doomed to a 9c or lower price and the illiquid state it was in before the takeover offer. I know the CSE holders will disagree, but they will be blinded by there faith in this small deposit. Also with the massive grades of copper that have just been hit at Mungana the copper strike deposit is probably not even needed but would still be a nice addition to give thalanga some feedstock.
Another thing a lot of people don't know or forget about is the almost finished processor that is mothballed at Mungana, that could be brought on stream within months if and when needed, this will be used for lead zinc and copper and will add significant production to the mix, it should see them at 100,000 tons of zinc plus copper, lead and silver. They said that it will take $30m to bring it online and they will be doing that as prices or ore bodies dictate.
Ah it is starting to get back to the good old days of the KZL of a few years ago. they should be making some good progress this year as long as we don't get GFC2 and Admiral bay will be a share price multiplier, it was mention again that every major has expressed interest in a joint venture and the GTFG are also keen to be in on it
KZL Price at posting:
74.5¢ Sentiment: Buy Disclosure: Held
