KZL have often said that Mungana and Admiral bay and even the nickel were not being attributed any value by the market, they said that the only way to get some value from the Gold would be to float it off with KZL retaining a cornerstone holding.
That is the stated reason on the record why it was floated, not some of the reasons that are being posted on here.
Just look at what WSA are valued at, even though KZL's nickel deposit is currently not as large as WSA it is of the same grade, KZL's lounge Lizard if properly valued would be worth more than the current share price, before the GFC Analysts were valuing it at over $1B. KZL's plan before the GFC was to drill out The Lizard and then sell it to fund Admiral Bay, this was told to us at one of the AGM's.
KZL Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
