Dec Qtr Predicitons, page-42

This is where it gets confusing. I keep trying to reconcile your Net Sales less All-in-costs with their 1.9 Net cash from operating activities and identify what to rule in or out so we're on the same page. The fund managers and I to a lessor extent, zero in on 1.9 to gauge how NCZ is performing to meet all of its debt etc obligations and to second guess SP movement. Did you go back and update your Sept qtr figures with actuals which you just posted?

You have Net Sales Revenue of $73.96m vs their Sept qtr 1.1 Receipts from Customers of $69.653m. While your Operating cash generated was -$0.69m vs their 1.9 Net cash from operating activities was $6.513m. If you combine the two, the net difference is $10m which is becoming a recurring theme. My own calculations (guess) are from a macro view off the top of my head using some transferable skills I posses.

This isn't a criticism. I really appreciate your efforts nut. I love this shit. On the bright side, you must be delighted at least 1 person reads it

On the shipping front, Yuguang Smelter consistently takes 30kt of concentrate per quarter and only 10kt has been shipped so far.

As I press post message, zinc is up again along with the AUD. USD$1.26/0.7326 = AUD$1.72. If the AUD price as a minimum holds at these levels going forward, NCZ will be out of the dog house and we should see an SP of +25c by xmas triggering all those options. Geez this stock has been a struggle. But always looking on the bright side, there has never been a dull moment and we've had plenty to discuss.