Ann: Quarterly Activities and Cashflow Reports, page-15

"The harsh reality is that it is a very marginal business with high costs all round, hence the negative cash flow."

Any company selling commodities is marginal at some point in their products pricing . NCZ is marginal at current prices but could be very profitable at prices above where they are now. The plant is ramping up and costs are coming down which is what you want to see in a miner.

They have no control over the price of ZINC but what they do have some control over they are doing just fine...so polish up the crystal ball and and place your bets on the future price of ZINC in A$ , it holds the key to the immediate future of NCZ..GORO might enhance it further down the track..

Cheers Whisky