Final shipment left Karumba this afternoon with an estimated 22kt concentrate on board so I've updated my schedules accordingly and my final predictions for the quarter are:
Zinc production(total): 31.7kt(from 66.5kt conc @ 47.6%grade), 69.8Mlb
Zinc production(payable): 26.4kt, 58.1Mlb
C1 Costs(payable, produced): US88c/lb
AISC(payable, produced): US114c/lb
Average Zn price received: US148.5c/lb
Cashflow from operations: A$6.0mil
EBITDA: A$9.4mil
Cash at bank: A$81mil
The big assumption in these figures is that the 'Forward Sale' receipt of A$21mil received in September has been satisfied during the quarter by the shipment of 15kt concentrate. If this is not correct and this amount is still owing at 31Dec then the following figures will change-
Average Zn price received: US151c/lb
Cashflow from operations: A$29.0mil
EBITDA: A$32.4mil
Cash at bank: A$104mil
NCZ Price at posting:
$2.29 Sentiment: None Disclosure: Held
