NCZ have made the grade;
Facts
Let’s speculate first revenue;
- today’s ann ‘pumping commenced’ proves the concentrate is saleable- if grade wasn’t made you don’t pump it, you reprocess it!
- ‘First revenue confirmed for this month’
So, what does that mean for NCZ Share Price?
- Transport ship wunma recommission complete- 5,000 ton capacity and transports 20km offshore for likely transfer of 10,000 - 20,000 ton of Zinc. (Unlikely they hit max production of 22k ton Zn per month in first month)
- current Zinc spot price $2,400 US = $3,380 AUD
- first shipment likely $34 M - $68M
The market is about to be staring down the barrel of a possible $500M net profit for NCZ first 12 months of operations. (At current Zinc price and lowest projected cost).
- Current MC $535M
- first revenue will be proven within 2 weeks
- So process plant works, pipeline works, transport vessel works
- First month revenue approx 10% of MC!!!!
- Projected costs conservative $0.38 per pound roughly 1/3 of revenue
Put another way-potential $1 earning per share per annum.
With directors who collectively own 50% of the company that have stated in media and presentations that dividends are really the only way they can realise cash on their project,
I’m calling a 50 cent divi year 1
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