Quoted: "Kagara executive chairman Kim Robinson told MiningNews.net that the IPO was progressing and was expected to be completed by the end of March"
"The funds raised in the IPO will be used to purchase the partially constructed Mungana treatment plant and to reimburse Kagara for underground development already completed at Mungana. It will also be used to purchase gold ore stockpiles and further define resources"
"The Mungana, Red Dome and Victoria deposits which make up the IPO have resources of 2.6 million ounces of gold, 180,000 tonnes of copper and 26Moz silver.
A scoping study suggests the Mungana deposit could initially produce 60,000-70,000 ounces per annum of gold at cash costs of $300 per ounce"
So much speculations on this stock, where are the chartists when we need them??
KZL Price at posting:
96.0¢ Sentiment: Hold Disclosure: Held
