Last year Overland stated in their preso:
"Production costs US$0.36/lb zinc equivalent *1
Asian port delivery US$0.09/lb zinc equivalent *1"
"*1 Assumes US$1.00/lb Zinc price and US$1.00/lb Lead price"
Given the last annual report also stated:
"LIKELY DEVELOPMENTS AND EXPECTED RESULTS OF OPERATIONS
The Directors have excluded from this report any further information on the likely developments in the operations of the Group and the expected results of those operations in future periods, as the Directors believe that it would be speculative and prejudicial to the interests of the Company."
... then I think we should prepare ourselves, given the "prescience" evident in the share price, for an extremely nasty announcement that, if not a surprise to the mutiple institutions selling heavily over the last 1.5 years, will probably be a surprise to the retail end left holding the bag.
So what will the cost of production have done?
"Suddenly" up 25%, 50%, 75%, 100%, or 125%?!
Stake your bets. Clearly, from the share price and lack of director or other buying a few people seem to have known for months they are up at LEAST 75%! But how could that be so?
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