KZL 0.00% 12.0¢ kagara ltd

re: re:chart looks good Zinc, as whetu says, they are hoping to...

  1. 708 Posts.
    re: re:chart looks good Zinc, as whetu says, they are hoping to double the resources with the drilling that is going on in the Chillagoe region. Also, the company has been able to drill here and there and incrementaly increase resources. (See Balcooma for example). So there is every chance with a small exploration budget to replace the existing reserves and ensure that the 10year mine life is extended. Of course if what they are doing now is successfull in NQ, you're looking at closer to 20 years than 10.

    So if Mulgana, Muldavia and all that comes to fruition, maybe they could build a new plant for the gold and have a base metal circuit for the zinc/copper/lead. Remember this is still a far way off even if they manage to find/define enough resources. A BFS is required then, followed by raising the cash. So at least a couple of years away.
 
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