According to the Sept 22 announcement there are around 58,700t of Ni contained in the indicated and inferred high grade resources at Lounge Lizard. At US$8.40/lb that equates to about $1.1B in the ground (+ lower grade resources). Even at a paltry 10% profit (which is probably about all they're making at the current price)after mining and processing it still results in about $110M. Therefore presumably KZL would be looking for at least $100M in a sale of the project - which would be very handy cash indeed! (And a shot in the arm for the SP.) What do others think they'd be after?
KZL Price at posting:
39.0¢ Sentiment: LT Buy Disclosure: Held
