Ann: NCZ Quarterly Results Presentation, page-25

cant really blame them as they need the money to construct the mine. The became a producer last year and zinc price start to recovers. I am looking forward rather backward. Let assume production is around 32kt for the remaining quarters, c1 cost $0.89 and zinc sell price is arond $1.25 to $1.30. Their revenue and profit will be in 10m mark plus as they dont have to pay hedging fee.
This quarter isnt looking good partly to 4m hedging fee. I compare all other production costs, they are pretty much similar. You have to consider $20m more havent been accounted for this quarter therefore june figures will be very high.