I don't understand why KZL continues to hover at this level. Last zinc was $1.20 and copper $3.50, KZL was in the $1.20 range. Presumably this was due to expectations of Admiral Bay project, which haven't been overly positive (though it has to be said, rising commodity prices should give the project a significant boost).
I know the strength of the AUD is having a negative impact, but surely that would only have a perhaps 10-20% impact on price(?). It's like the price is holding back on a market announcement. They must be raking in the cash, particularly for copper production. Someone mentioned there was a trend of increasing production costs, but with copper price at record levels, I would have thought this not so significant.
Sorry to be lazy, I'm sure the detail is somewhere in the announcements, but when can we expect to hear more on Admiral Bay?
KZL Price at posting:
80.0¢ Sentiment: Hold Disclosure: Held
