lead is now the same price as aluminium, page-5

Hi Galvanise
This is two year-old news and in the upcoming TZN-ZFX quarterly (July 31) or soon thereafter we can expect either a JORC or in any case a significant update on the Menninnie project mentioned here. Also Magellan seems to have a new lead mine - anybody heard about this one - it is pty, ltd. Be damned nice to be a director there.

Here is a quote from TZN 26 April 2005 - 18% pb
"A recent drill hole on the Menninnie project
intersected 8 metres grading 18% lead oxide.
Nearby RAB holes intersected up to 5% Pb and Zn.
It is expected that this oxide (Cerussite -Pb
carbonate) deposit overlies high grade sulphide
mineralisation.
This extent of the deposit is being defined by 4700
metres of aircore drilling on six lines north and south
of the discovery hole.
The Magellan Mine (owned by Magellan Metals
Pty Ltd) in WA is soon to commence production
of lead from similar deposits, however lead is
to be refined onsite at a capital cost of at least
$25,000,000. Lead oxides from Menninnie could
be treated at the Pt Pirie smelter only 160 km to
the east, avoiding considerable capital expenditure."
Cheers
HK (holding TZN)