to hold or not to hold, page-11

Monkey,

So you reckon KZL are a high cost producer, mate i don't know where you do your research but they are in the bottom quartile of producers, that has been flagged many times by brokers and in KZL own statements, during the GFC they had lowered cost's to under 40c lb for zinc.

The reason they almost went under was the fact they had debt of $200m due to the construction of the Mungana base metals processor and other sundries like the decline etc, they were producing enough to stay alive but not enough to service the debt, i say that as a holder and close follower of KZL since 1999. If base metals drop too low there will be many mines shut before kzl go down the tube.

You will probably find the the real cost of production for Century is 70c+ especially as it is nearing the end of it's life and grades will be dropping like a stone.
If century closes it will remove half a million tons of Zinc from the market over night