I have a feeling they will go even lower depending on Thalanga. They need that mill to be spot on. No hiccups. Zinc at .92 USD/lb will really test their mettle. They should be able to hold their cash costs below that but development costs will be a challenge. I guess we will know after the next quarterly comes out.
Until then the price will swing with market perceptions of the effect of this corona virus on zinc prices. I expect one last big panic as WHO concedes the word pandemic and this I believe will knock zinc right back temporarily. After that provided the economic damage is not terminal the market for zinc will recover in due course.
Who knows but I am glad I have RVR and not New Century Zinc. IMO those poor bastards are going to be smashed really really hard. At least with RVR they could idle Thalanga for a while and sort out some cash flow from Hillgrove. NCZ do not have that option.
GLTAH and DYOR.
- Forums
- ASX - By Stock
- RVR
- Ann: Maiden gold resource for Hillgrove Stockpile
Ann: Maiden gold resource for Hillgrove Stockpile, page-8
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RVR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online