With KZL's share price still hanging around $1.00, it is getting...

With KZL's share price still hanging around $1.00, it is getting cheaper by the day as it generates $20 - $25m post tax cash flow per quarter and its nickel, gold and zinc projects come closer to monetisation. I have topped up. I calculate what I consider to be a conservative share price valuation of $1.75 assuming existing production ($0.85), Mungana ($0.35), Lounge Lizard ($0.25) and Admiral Bay ($0.30) - excludes cash in bank. Of course Admiral Bay could be worth $1.50 - $2.00/share if developed and assuming KZL only keep a 50% interest. So the growth prospects are good.

DYOR

RRM