CZL 0.00% 4.8¢ consolidated zinc limited

Having a few holes 4-6m and ending in mineralization recently at...

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    Having a few holes 4-6m and ending in mineralization recently at circa 30% Zn still good.
    Historical production here at 15.3% Zn + 80gt Ag (Silver) credits.

    Been quietly accumulating CZL

    Rundown
    Cap $13.3m @ 4.6c
    Cash $6.6m
    EV $6.7m
    SOI : 290m
    51% of project, moving to 80% for $750k cash + $1.7m shares (some dilution)

    Plant capable of being upgraded for US$900k to achieve 75,000tpa
    Cashflows to fund ops could be less than a year away
    Long Mining Licence

    Upside is more drilling news is expected soon, + a feasibility study and upgraded JORC

    I like the low admin, under $200k next Q, with more than 80% of spend going to drillbit.
    I like the cash position, raise is done.
    I like the v low EV

    Finally, I like tonight's Zinc price

 
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Currently unlisted public company.

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