zfx well up and kzl down...why, page-8

gself the tenements KZL purchased for nickel won't be out of the ground in time to catch the nickel boom or the current high prices. its an underground development which as you know will take years in the crippling WA skills shortage/boom.

2nd point admiral bay is over 1km deep, in WA. The zinc won't be out of the ground till 2013 at the earliest, simply due to the skills/equipment/cost blowout factor. It could cost nearly 1.5billion-2billion. Just see Ravensthorpe for proof.

thirdly, ZFX is making about 1.5 billion profits today. In NET present value terms making money today is worth a lot more than making money 4-5 years down the track. KZL makes $250m profit. ZFX makes over 7 times kzl's profit, and its market cap is only 5 times higher.