I see the scramble by brokers to positive spin results so far and paint the longer term picture while licking their lips at the prospect of any additional CR fees that could come their way.
The plant performance numbers are not random. They were based on plant trials and then signed off by a third party (can’t remember name). Shareholders should be asking if there are any differences between those trials and how they commissioned the plant. Perhaps they had more cleaner and or grinding capacity for the trials compared to the current plant set up.
No matter. The longer term numbers do look interesting provided current results continue to show real improvement. Worth watching for evidence of a turn around story in the coming months.
NCZ Price at posting:
41.0¢ Sentiment: None Disclosure: Not Held
