The Diggers and dealers financials are based on 60% zinc...

The Diggers and dealers financials are based on 60% zinc recovery. That seems a bit optimistic given NCZ have never achieved 60% zinc recovery. The best recovery seems to be over a 3 day period around the 20th April when 55% recovery was achieved but at low daily feed tonnes. When the feed rate went up to the 8MTPA rate the average recovery was only 44%.

NCZ should run the plant in a way that demonstrates they can sustain 60% recovery even if it means dropping the feed rate. If they can achieve 60% zinc recovery and design the expanded plant around what is required to achieve 60% zinc recovery then it’s ok to assume 60% zinc recovery for future financials otherwise there seems to be no proven basis for assuming 60% zinc Recovery making NCZ shares high risk.