Ann: Annual Report to shareholders, page-5

Originally posted by Len

Key points I noticed,NCZ/2018-10-31_814PM_AnnualReporttoshareholders.pdfpage 14 of 102Several material downtime events restricted mining operations for the first half of October; however record daily hydraulic mining rates were achieved during the second half of the month.page 15 of 102Production of 7,000t of concentrate was achieved for the September quarter 2018.page 16 of 102Business milestone achieved via loading of the first concentrate parcel onto the MV Wunma as part of the scheduled 10,000t of export shipment for October.-----------Shorting the stock started getting worse in early Oct as they had problems.Now my opinion is that the wording is very telling.Record daily hydraulic mining? No numbers to back that up.7,000t in Sep quarter, down time in October and loading the first 'parcel' of 'scheduled' 10,000t? Sounds like they haven't made the 10,000t yet.Why are they hiding the facts? Makes me not trust management.Looks like ramp up is going slower than they want to let on.

The fact that NAB (which is the third independent entity to do due diligence on NCZ) has come to the same conclusion that the business model is sound and the the tailings equal $$$ is very very very comforting and perhaps somewhat under appreciated by the market. 

Ramp up is going exceptionally well and things are tracking as well as they could. I really really cannot for the life of me understand how there are still detractors and people doubting the project even despite 1) really good recoveries 2) the ore body completely drilled out and predictable (view this in the latest announcements) and 3) proven ability to convert the tailings to salable zinc concentrate....

Message to those shorting this: continue to short but, geeeez, do it at your own peril.