article from dec 11, page-2

Hi investor112,

I do not own TZN, but follow them and KZL as well. Berlin business on the KZL site has done some really good work on Zinc markets - maybe worth having a look.

TZN has some real issues wrt it's balance sheet that will mean it's ability to grow will be severely limited.

With debt of $53m, and market cap of $28m, it is not a good look. Also, Even if you add equity of $28m plus cash of $10m plus equity raising of $8m, it still does not cover TZN's debt. Until the balance sheet is restored to health, the ability for TZN to grow will be almost nil.

Sorry to be a wet blanket, but this is the way I read it. Also happy to be contradicted or pulled into line. (I have not done extensive research on TZN)

HT1