All I'm doing is dividing revenue disclosed in the quarterly statements by mined pounds for the quarter and comparing this to the average LME zinc price for the qtr. As i stated, there is room for error with this calculation but without any disclosure from management how else can we work out the zinc price realized? Also, the last 3 quarters have been pretty consistent with regards to the discount to spot see below:
Mar Q -32.2%
Jun Q - 37.3%
Sep Q -37.0%
This obviously include the TCs but there is something else going on here. TCs account for under half of the difference.
Maybe management can help us out on this one? Bonies??
