bad news good news, page-7

"tho 2ic's sulphuric acid concerns are noted ... tho again, that would apply to everyone"
Not true olympian. Sulpuric acid is required to extract metal from oxide. Does not apply to sulphide minerals. So oxide projects will be squeezed out, and sulphide projects humming along.

Well then we should not have sulphuric acid cost problem for the sulphide project. But the sulphide project is under ground and costs of u/g mining is obviously higher. Couple with the fact that PB is the main mineral and Pb has taken a battering lately. At least, the oxide project is sustained by Cobalt which has gone up considerably, from memory 100% over 12 mths.

The big boys will have a real-time DCF model of the projects and would have the latest NPV based on current costs and prices. I think the SP reflects the current NPV of the projects.