I agree with a lot of what you say, But KZL's woes started with the GFC, the share price started to drop as the metals prices dropped and the in the lead up to the GFC and the A$ has gone through the roof.
If the GFC had not happened where do you think they would be, they were making huge amounts of cash on those prices and were implementing the next growth phase. They were in the middle of building the Mungana processor to lift zinc production above 100k tons all this was on track, AD Bay was being drilled out.
If metals prices fall below your cost of production what do you do, apart from try to survive the best way you can.
KZL Price at posting:
17.5¢ Sentiment: None Disclosure: Held
