short term not pretty.long term......., page-11

Thanks PP

I will keep looking at OZL.

KZL is a bit special in that it has a growing Ni deposit. One of my concerns with KZL is that they take on a major project like Admiral Bay alone, which could put the whole company at risk of failure. KZL should get a big partner for that type of project given KZL's current stage of development. I kind of like the idea of KZL developing its Ni project for product and revenue diversification.

Admiral Bay could be OK in maybe 15-20 years time once China has depleted its own zinc deposits.

Unfortunately recovery in base metal prices could be some way off.

loki