Zinc supply-demand deficit, page-38

''Q, I'd like a full quarter of audited "normal" mining and selling before making any calculations.''

Fully agree OV but unfortunately everything is so secretive and then we have constant delays
CSD have been working on this mou for well over two years with constant changes and we still have no idea when it will be finalised

I hear some saying that with interest rates at lows, CSD wont need a CR as they can take on debt to fund tin production lol - give me a break yeah right (CAPEX $76m)

CSD have stated many times recently that they are in capital raising discussions to fund normal activities and tin production

IMO,
With expected positive cash flow of only $1.4m for June 2015 QTR and responsibility for 7% interest on convertible note due in arrears , all costs on $10m working capital facility, $2m in repayments to bank of China, expected bonuses of up to 50% of salary for DFS - claims of CSD will not require a CR are imo farcical

Demand from China has slowed and commodity prices are not rising any time soon and margins are being squeezed all round for small mining specks

DYOR