KZL 0.00% 12.0¢ kagara ltd

mining to recommence, page-4

  1. 1,686 Posts.
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    Well it is what it is. A recommencement of mining...

    The second paragraph indicates what to look for...

    "A decision to continue mining in stage one and into stage two, beyond the initial objective of 155 megaliters, would be made on the basis of mining performances during the initial campaign, as well as the administrator’s ability to continue to fund the operation and the timing and severity of the wet season."

    So..

    1. performance
    2. funds
    3. wet season timing, severity, duration

    These appear to determine if it goes any further.

    On funds, 2/3 of KZLs creditors have yet to submit a valid claim, so hardly anyone apart from ANZ is banging on the door for bucks. The copper price at $3.71 makes mining at Baal Gammon quite profitable, so if it holds and the factors above fail to present a problem mining may well continue into a second and third phase.

 
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