mal, you are spot on, except some of that cash belongs to Mungana goldmines.
They have approx 3 to 4 million a month now rolling in from nickel alone, $35m per annum. Ive owned KZL since the float in 1999 and they have served me well, the GFC caused them massive damage but they are well on the mend now and i have been loading up on this insane weakness.