NCZ 0.00% $1.10 new century resources limited

Ann: NCZ Secures Landmark Royalty Deferral Agreement with QLD Gvt, page-26

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    Story on this in the AFR that can be downloaded from Google.

    Interesting that they paid $2.4mil for the June qtr and expect to be liable for more than $20mil in the current financial year when their royalty rate to the Qld govt is currently under 4% on net smelter return due to the current zinc price being $A3275/t.
    I still believe this is the only royalty they now pay as the 2% on NSR that was payable to Century Bull was acquired when they purchased the remaining 30% of the Century mine by purchasing Century Bull - but haven't had the time to dig deeply enough to confirm this.
    Last edited by miningnut: 23/08/19
 
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