one for the doggy bag

Yes indeed, no post for months.

Management did what they needed to do, shut up shop to preserve cash for last few months to survive fall in base metals.

Main project is Woodlawn and Lewis pond, zinc/copper deposits, had similar profile to JML when prices were high but just 12-18 months behind JML in development was crucial.


Woodlands Tailings
11.7Mt @ 0.5% Cu, 1.4% Pb, 2.3% Zn, 31 g/t Ag, 0.3g/t Au

Underground
10.2Mt 1.6% Cu, 4.5% Pb, 11.2% Zn, 92g/t Ag, 0.5 g/t Au

102M shares
A$2.5M cash

Market cap ~ A$6M.

Position at 8.4c today and friday, provides a good call on prices and change in sentiment for zinc and copper development projects.