Ann: $7M Sale of Snake Well Project, page-8

I am very impressed with kzm management ,they are focusing on one or two projects .The recently announced sale is equal to 2/3 of the market value of the company and will avoid dilution .In addition they retain a royalty on production which will be worth a minimum of 1million and perhaps a lot more depending upon further exploration etc .KZM management is taking the opposite p-roach to other Pilbara stocks like Artemis and De grey ,they persue multiple projects simultaneously ,have a hgih cash burn rate and frequent dilution.If they have anything like the success of Kirkland lake at the Fosterville mine this will be a multiple bagger .arh