If you think CSE is worth 40c i think you are dreaming.
If kzl walk away and the company cant get this deposit up and away then they will be worth a lot less than 11c
I assume you are insinuating that KZL were snooping around when CSE was 40c, i would like to know how you come to that conclusion. nothing has ever been mentioned as far as i am aware, please correct me if i am wrong.
The cost for CSE to get into production on their own would make the venture much less likely, not to mention the difficulty of getting the finance post GFC.
CSE holders would be far better off holding out for a bit more cash and then buying into KZL, they would be in a more diversified company with much more growth opportunities, including the current zinc, lead and copper operations, the massive Admiral Bay deposit and Mungana goldmines which KZL owns over half of and is on track for 3m ounces and a few hundred thousand tons of copper and an ore body open in all directions.
The lounge lizard nickel deposit is also just starting to generate cash for KZL as well.
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