Lady Loretta is massive, shame about the crud recovery, poor correlation from section to section, huge capex requirement, substantial trucking/rail costs for the concentrate and so on.
Discovered many moons ago, Pan Con put in the shaft after Triako/MIM and others toyed with it.
Noranda did some more drilling after Buka tried in vain to adopt Ausmelt and other technologies for it.
BUT, given current zinc outlook Lady Loretta may actually have some legs.
Still don't have any time for Buka management however-have a look at the Buka Gold fiasco.
Cheers,TAS
BKA
buka minerals limited
