I have been in the US for a month having a close look at the economy there from NY to San Fran.
Been trading KZl up and down quite nicely from the 50s to 67s.
For those stuck at higher prices have heart.
The Chinese are coming according to: http://news.smh.com.au/breaking-news-business/chinese-may-jv-in-kagaras-admiral-bay-20110428-1dyfr.html
Key info: - Kagara would retain operatorship of the project and make a decision on the partner by September - 72 million tonne zinc and lead resource in the inferred category of Australia's mineral reporting code had been defined from only 2.1km of an 18km strike length at Admiral Bay - awful lot of silver in it - one of could be around for 50 to 100 years - feasibility study cost was substantial as a shaft would be sunk in 2012 - $800 million would be spent on the development before full production begins in 2018/19
Given an average mine life of 8-12 years this would affirm KZLs long-term strategy and mine life extension policies without interruption to production. Not many miners can confidently state this.
KZL Price at posting:
61.0¢ Sentiment: LT Buy Disclosure: Held
