KZL - Kagara Limited

[Freeballinginawetsuit]

Re: KZL - Kagara Zinc

Still going!,another 5% Today!

 

[michael_selway]

Re: KZL - Kagara Zinc

Still going!,another 5% Today!

hehe yeah, cant believe it!

thx

MS

 

[DOC]

Re: KZL - Kagara Zinc

been on this one since july @3.70, getting a little nervous now though.
Felt like getting out a few times at around 5.40, but still in the game!
for now anyway!

go zinc!, go copper!, go the rabbits in 2007!

doc

 

[johnmwu3]

Re: KZL - Kagara Zinc

King Vol could boost Kagara's Mungana

Michael Quinn
Friday, 29 September 2006

KAGARA Zinc believes drilling has shown it could potentially more than double the size of the high grade King Vol zinc deposit it holds northwest of its Mt Garnet operations in northern Queensland.



King Vol currently contains 1.15 million tonnes grading 18.5% zinc and 1.1% copper, with the recent drilling said to demonstrate the continuity of the mineralisation 200-400m below the current resource.

Kagara director Joe Treacy told MiningNews.net that mineralisation started at around 75m below surface, with the current resource extending over some 300m. Underground mining of the deposit could begin in 2010, with the company currently developing a decline at the nearby Mungana deposit.

The polymetallic Mungana deposit, which has a zinc equivalent grade of 28% zinc, will feed a new plant (to be built) that's currently pegged to produce 50,000 tonnes of zinc and just under 10,000t of copper at cash costs of around US20-25c per pound of zinc. However an increase at King Vol could see the plant size increased. Production is set to begin in April 2008.

Meantime Kagara has also flagged a potential extension of "moderate to high grade" zinc mineralisation at the Montevideo prospect, where drilling is now underway and assays awaited.

Kagara is currently spending around $1 million per month on exploration.

Earlier this month Kagara reported a $35.6 million profit in 2005-06 and confirmed earnings growth in the current year to more than $230 million as mine production undergoes major expansion.

Kagara's profit result was built on earnings before tax, interest, depreciation and amortisation of $73.4 million, while the Mt Garnet operations generated a gross profit of $57.4 million.

Revenue of $116.7 million came from polymetallic production of 35,143 tonnes of contained zinc, 2567t of contained copper and 9341t of contained lead, with the new copper circuit yielding 4007t of copper.

In 2006-07 production is forecast at 25,000t of copper, 52,000t of zinc and 15,000t of lead.

 

[Dukey]

Re: KZL - Kagara Zinc

KZL up nicely over the past few days - now at $5.59 - up 16c today.

Today they report King Vol Resources doubled to 3.3m tonnes at 14% Zn 0.8% Cu, 1.1% Pb & 43 g/t silver. They estimate they could extract 50000t of Zn metal from Chillagoe area for over 10 years !!

Additionally there is a rumour - of some kind of partnership with Sun Metals Zn refinery in Townsville which may float soon. In the current market - that could be one to look out for.

Happy days ahead!! :

 

[Dukey]

Re: KZL - Kagara Zinc

WOW - nice open today - up 0.37 to $6.05

Hope this keeps up.

Anyone watching??

 

[Freeballinginawetsuit]

Re: KZL - Kagara Zinc

WOW - nice open today - up 0.37 to $6.05

Hope this keeps up.

Anyone watching??

Always, devoted holder & what a gem.

 

[Dukey]

Re: KZL - Kagara Zinc

Indeed - just wish i knew about it a year ago and had got in at those prices instead of my entry at 4.26!!!!

I notice the thread starter (kauri) was thinking of selling at 1.50 a year ago!! hope she held on... and on.... and on...

... if the sun metals partnership is more than a rumour - there should be good synergies for both.

-----------------
edit ... SORRY - my mistake - 'kauri-san' had bought (not sold) at 1.50 !!

 

[porkpie324]

Re: KZL - Kagara Zinc

KZL appears to be finding resistance at the $6.00 mark this morning, but what a great trader they have been. Similar in some ways to IGO&MCR just a different metal, all 3 have have been outstanding performers for me.porkpie

 

[nizar]

Re: KZL - Kagara Zinc

WOW - nice open today - up 0.37 to $6.05

Hope this keeps up.

Anyone watching??

haha u aint seen nothing yet
i first got in at 2,45 in january this year and I AM STILL BUYING
i dont invest according to "hope" but according to my research this stock is a winner and will be fueled by the critical shortage of zinc metal which the world is facing. The next 3-4months will be interesting.


please do ur own research or consult a professional financial advisor before investing.

 

[nizar]

Re: KZL - Kagara Zinc

KZL appears to be finding resistance at the $6.00 mark this morning, but what a great trader they have been. Similar in some ways to IGO&MCR just a different metal, all 3 have have been outstanding performers for me.porkpie

its too early to call that resistance IMO

 

[Dukey]

Re: KZL - Kagara Zinc

I'd be more than happy with 4-5% today - on the back of recent solid gains.

(of course % more is most welcome)

won't be long before $6 is ancient history for KZL ... (IMO )

 

[rederob]

Re: KZL - Kagara Zinc

won't be long before $6 is ancient history for KZL ... (IMO )

Dukey
Learn to think BIG.

We have to consign $10 to ancient history (I anticipate that will be before their next annual report at present rate).

 

[Dukey]

Re: KZL - Kagara Zinc

BIGRed

I think so too. $10 will be great - and they'll get there alright.
$20 would be even better!!

Step by step.

- down to 5.90 now - but I'll be sticking with this one for a while yet
(barring some bizarre catastrophe that rerates Zn price to $0.!!)

 

[michael_selway]

Re: KZL - Kagara Zinc

haha u aint seen nothing yet
i first got in at 2,45 in january this year and I AM STILL BUYING
i dont invest according to "hope" but according to my research this stock is a winner and will be fueled by the critical shortage of zinc metal which the world is facing. The next 3-4months will be interesting.


please do ur own research or consult a professional financial advisor before investing.

is KZL or ZFX more leveraged to zinc?

Also KZL has Copper whileZFX has Lead, and lead is doing good atm as well

thx

MS

 

[Realist]

Re: KZL - Kagara Zinc

Can someone please explain why the believe KZL is a better buy than ZFX?

I am confused...

 

[nizar]

Re: KZL - Kagara Zinc

is KZL or ZFX more leveraged to zinc?

Also KZL has Copper whileZFX has Lead, and lead is doing good atm as well

thx

MS

MS - ZFX correlation to zinc spot 97.4% KZL is 96.2% see CBH recent presentation

Realist - ZFX have mine life problems and rely too much on Century. They will maybe double NPAT this year. KZL will go from 35million to about 200million IMO... Their pipeline of growth is far more superior than any other zinc play.

Does ZFX trade on a lower pe multiple? YES. But this is due to century mine life

 

[Realist]

Re: KZL - Kagara Zinc

MS - ZFX correlation to zinc spot 97.4% KZL is 96.2% see CBH recent presentation

Realist - ZFX have mine life problems and rely too much on Century. They will maybe double NPAT this year. KZL will go from 35million to about 200million IMO... Their pipeline of growth is far more superior than any other zinc play.

Does ZFX trade on a lower pe multiple? YES. But this is due to century mine life

Thanks Dude.

I'm thinking of buying ZFX to get the 70c dividend, would I buy wiser to buy KZL?

What is the expected mine life and what is the size of KZL's mine? Years?

How does that compare to ZFX?

 

[rederob]

Re: KZL - Kagara Zinc

I'm thinking of buying ZFX to get the 70c dividend, would I buy wiser to buy KZL?

Don't be silly!
These are the best equities on the market - buy both and have many more happy returns.

 

[Realist]

Re: KZL - Kagara Zinc

Don't be silly!
These are the best equities on the market - buy both and have many more happy returns.

As good as MRE?

I've basically doubled my money on MRE including dividends? When are you thinking of selling MRE if at all?