NCZ 0.00% $1.10 new century resources limited

future earnings, page-9

  1. 34,104 Posts.
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    It says its concentrate and mentions they are getting between 47 and 52% concentrate lets say it is 50% so :

    A$9.8 M / (9000 tonne * 50% Zn ) = A $2177 a tonne , probably sold FOB so offtaker has to pay shipping plus they have to refine it which is a cost so A$2177 seems pretty good at around 59% of Zn spot price

    The ramp up is going very well , I thought this was possibly going to be a dud , but I am happy for investors and Patrick that it is working out well .

    AIMHO
 
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