It is plain in the RSM report that the CSE deposit is not viable, if KZL will only make $50m profit by trucking the ore to MT Garnet at a cost of $40m for trucking, how will CSE make anything when they need to spend $130m.
If you work out the figures, they make a $30m loss.
You need to get on the CSE forum and tell them about HGO.
Another thing, the CSE low grade ore is probably not viable to mine, that is why they only give figures for the high grade, they include the low grade when calculating the contained metal to make it look good.
KZL Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
