As expected rattling the can. I thought they were supposed to be cash flow positive this qtr and they are selling zinc concentrates with no problems?
On top of the $40M NAB facility they are going to hedge fund for another $100M facility at 8-10% interest and security provided over the plant’s assets + silver royalties.
Also weren’t they already achieving regular recoveries of 45% in the quarterly?
Good luck.
Ann: NCZ SECURES WORKING CAPITAL FACILITIES WITH VARDE PARTNERS, page-2
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