KZL have already stated their cost and production targets for zinc & copper and have given EBITDA guidance.
To make it easier for yourselves, just print the two images below and pin them up on a wall.
I just fill in the scorecard as we go and keep an eye on the dates.
Note that the low end of the EBIDTA forecast for FY12 is 54 mill, so targeted NPAT is around 40 mill.
I think this is a bit optimistic. The AUD is back up and metals prices have been down 10% or more for a longer period and the wet season is just round the corner.
I would expect them to achieve EBIDTA of 40 mill, with NPAT of about 24-30 mill. It's low end but doable and would be an improvement on a recorded loss of -$32 mill last year.
FY13 - As we run into a zinc deficit, I would expect to see NPAT doubled.
KZL Price at posting:
29.0¢ Sentiment: LT Buy Disclosure: Held
