for sure Nobel doesn't want low grade zinc to buy, why?
Nobel should pay extra money to factories in China to increase grade of Zinc and this means lower profit.
secondly, Nageria is one OPEC member, where produce Oil around 1.2M barrel per day. so cheaper energy can be found in Nageria compares to China.
IMO, Tim is not wasting his time in Nageria only to produce low grade of Zinc. he could enjoy his time in Bali, Tailand or LA, instead of building infrastructure in nowhere of Nageria.
currently, SP is on it's lowest value to force retailers to be out in loss.
SL1 Price at posting:
2.1¢ Sentiment: None Disclosure: Held