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$1.10 new century resources limited

Yet despite all that they are still cash flow positive. Could...

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22/01/19

11:22

Post #: 37184805
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Originally posted by ceh2009 ↑

42.5% recovery times 2.95% grade times 85% smelter payable times $US2,500 = $US26.64 revenue from each ton of “ore” mined.

LESS
The cost to mine. While cheap I can’t see anywhere where the ore mined is clearly linked to the concentrate produced so impossible to come up with a concentration ration. But let’s say it 20:1. So every 20 tons of ore makes 1 ton if concentrate.

Good luck with that. Don’t worry about smelter charges, ocean freight , penalties

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Yet despite all that they are still cash flow positive. Could that be interpreted as there is maybe more upside now than downside?

NCZ Price at posting: 68.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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