kzl need to up their bid for cse

It was a unanimous rejection from the CSE board and if the independent valuation sits at 0.35c then surely KZL need to throw more money at this. If they (KZL) have the potential to make $60 million profit over 3 years then they can at least offer CSE holders 0.20c and still walk away with a good deal.

I would say that KZL would be anxiously watching copper prices which have increased by over 10% since their 0.11c offer. Furthermore, the valuation was based on a $3.30/lb copper price. This price is history and so will KZL be if they don't get real.

Yes, you can always say that CSE cant afford to get the project up and running but remember it is COPPER we are talking about and there are many investors with money ready to get into copper plays.