michelmore still persisting with century, page-21

Hi all

Yes it interesting why production costs are in USD.

IMO Century is bleeding cash at the LME price of 50cUS

Even if they have reduced C1 to close to 50cUS they are not producing Zinc and lead metal. So there are significant shipping and smelting chargers still to take out.

Is the 61c cost a Zinc/lead price? If so with the price of lead continuing to fall the loss increases.

AM is between a rock and a very hard place because putting Century on Care and Maintenance would add a large cash cost today.

IMO if the Zinc price stays at a 25% discount to the AUD they will have no choice but to close it down.

I do not hold but I have friends that do. So I hope AM makes the right call.