From the first section - 'The company believes ... operating revenues and proceeds from CR should be adequate for funding operations and other company objectives in the medium to long term.'
Whilst you highlight the negative potential aspect from pg8, the company has also spelled out its views on being able to have sufficient cover for its obligations.
Of course zinc price, zinc production and plant performance has a lot do with that adequate revenue. But just as no one could foresee the sinking zinc prices nor the high TC's nor Covid-19, no one really knows where zinc prices will head between now and end of 2023 - between now and then we may get a pleasant surprise to the upside.
Management has also indicated that they intend to resume exploration later this year - this has potential upside in adding to resource levels.
Add in a successful Goro acquisition and lets see how this goes by end of 2023 - for short termers that seems a long way off but proactive management seems to take a longer term view anyways with which long term holders may be comfortable.
NCZ Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
