OK, everything in life is a risk, but if Admiral Bay gets up and running at reasonable zinc (US$1+) and lead prices at the sort of capital costs and production rates they're tossing around, then this project will be worth billions, anybody that can do a simple NPV model can figure that out. Of course how many billions will be KZL's share will depend on what the joint venture arrangements are. KZL is printing money at current commodity prices, gold and nickel to come in to the mix also. $3 - 5/share can be a reality, I agree with Boondog - especially if management are as good as we think they are - Kim certainly has personal incentives in place to achieve the necessary milestones as do the chinese guys.
KZL Price at posting:
$1.19 Sentiment: Buy Disclosure: Held