Shabandri, I'm not here to argue with you, i just said in the other forum That KZL was a potential 10 bagger because Admiral bay was larger than IBG's deposit and was not being given any value by the market and they also have cash flow and a 62% stake in a large gold play.
If they have had a market cap in the past of $1.5b only on the producing assets at the time then it stands to reason that if Admiral bay and the Mungana deposits are brought into production then this will be a ten bagger.
its got nothing to do with current p/e as when these deposits are in production the ratio will have to change.
If they have 72m tons already and have only infill drilled the first 2.5km of an 18km ore body then it is most likely that the deposit is roughly 650m tons also remembering it is also still open and they said at the AGM that they expect it to run to at least 22km in length.
also it will be a better environment to mine near Broome or port headland than in minus 50c in Greenland where half the year it will be near on impossible to ship the ore out.
I'm not bagging ibg as i will be buying some, i just think that KZL will be a lot less risky and they both have large zinc deposits.
KZL Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held
