Ann: NCZ DELIVERS MILESTONE 500,000TH TONNE OF ZINC CONCENTRATE, page-24

From announcement on 28/11/17:

'..... with steady state production forecasted at 507,000tpa of zinc
concentrate at 52% zinc (264,000tpa zinc metal)....'

Table 2: Scenario analysis for the proposed restating of operations at the Century Zinc Mine

Optimistic Case US$1.50/lb
(US$3,306/t) $0.75 A$1,729M 350% A$2,325M

Base Case US$1.25/lb
(US$2,755/t) $0.75 A$1,308M 270% A$1,764M

Bearish Case US$1.00/lb
(US$2,204/t) $0.75 A$881M 189% A$1,194M

In their guidance for 2021 the forecast production is between 140000-160000t of zinc metal with the $Aussie being at 69c.

Still a long way to go to get to anywhere near the 264000tpa steady state annual production forecast and the Aussie dollar is currently at around 77c. Due to the lower output forecasts that seems to place it around the bearish case levels.

Seems market is expecting a lot more and is not happy.