Whether it's 60, 70 or 80 mill plus it doesn't really matter. It's a get out of jail card and will go a long way to repairing the balance sheet and improving operational cash flow. KZL will also save a lot on CAPEX and with commodity prices on the mend and zinc prices up off the lows, they will have a much better FY13.
They were short on cash, now their not. They were over-stretched resources wise, now they are not.
I imagine this will cause a sea change in sentiment especially as zinc becomes more attractive.
KZL Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
