Finally some honesty about the C1 costs factoring in the TCs....

Finally some honesty about the C1 costs factoring in the TCs. Around 0.75c/lb for FY2020 according to their bar chart and between 0.95c/lb -1.05c/lb during Q1 of FY’20.

Remember this is just C1 and doesn’t include sustaining CAPEX and royalties etc which means the C3 costs make the operation break even at best in FY20. One also has to hope that Zn prices don’t drop further during the next few months.

Still a wait and see for me.