The puppy u have pumped has gone to the great kennel in the sky.
All your cashflow scenarios have been shredded based on a total lack of understanding as to how the industry really works with treatment charges, penalty rates, shipping costs, trucking costs, port handling fees, recovery rates,timing of payments and subsequent adjustments etc.
You promote as if it is simple sale of widgets-that does not have any semblance to reality in this sector.
Book values are irrelevent in the mining sector. They are only there to keep the accountants happy.(Cost to date vrs market real value?)
Admiral Bay is a lemon. It was promoted when higher zinc prices were around and no shark bit. How many low grade Mississippi style zinc projects in production exist? And how many of the grade/depth of Admiral Bay? ZIP!
My comment as to move on was to suggest to u that holders should not get their hopes up. U on the otherhand continuie to pump unrealistic expectations.
It is an Ex Parrot, admit defeat and go back to your sector of expertise.-IT wasn't it?
Cheers, TAS
KZL Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
