Your basically stating the obvious Len , IF the price of ZINC in AU$ exceeds the FULL costs of producing it then NCZ will do just fine as a large volume producer...IF is the main consideration and as we go forward we will get a better handle on the issue...it's nice to see the ZINC price rising but the AU$ has been as well which negates some of the gains , we know costs are reducing and volumes increasing so we are on the right track..eventually we will get a reasonably stable C3 production cost per ton , it's then we will know what the longer term average price ZINC in AU$ needs to be at to break even.
Another couple of quarters required to get a feel for that IMO...
Cheers Whisky
NCZ Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
