Don't agree with that, Mungana has had no value attributed to it, so floating it off and getting cash and a 49% stake adds value to kzl.
KZL will hold around 90m shares at 95c plus get close to $30m cash which could be used to fast track the almost complete Mungana base metals processor. They will then be ramped up to 100,000 tons zinc + lead+ silver ++ in short order.
After all the whole reason of the float was to unlock the value of the gold because the market had not attributed any value to it.
If the market had considered it to be a jewel then it would have given it some value.
KZL Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
