That's the siutation now, but it has been like that for some time. Much longer than many anticipated. They talk global recovery...etc etc...but commodity prices are going the other way...
Australia needs to cut rates. Fast. And they are but they just need to keep doing it and by more. By the time a KZL refloat is ready (Oct) ..zinc could be $1, the AUD 90c. We'll have to see.
The outlook for zinc has improved a lot. It's better than copper now. Headline = 1,044,300 (down 200,000t) but there is still 626,000t on backorder. Net available = 417,550.
If they kept the Southern region assets, they are good in such an environment but the AUD & Zinc price would have to look more stable or fixed.
West 45, for example was 90% complete. Wouldn't take much to fire up production and make use of the Thalanga processing plant.
They had an offer for 50-60 mill for Chillagoe, so we'll have to see what it goes for now the gold rights, left over cutlery and KZL coffee cups have been thrown in.
That's the siutation now, but it has been like that for some...
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