Would these guys be the ones that were responsible for doing due diligence on this purchase because they've got it horribly wrong - spent A$150mil+ and ended up with 'a pig in a poke' - absolutely impossible for them to trade profitably this year with probable treatment charges over US$600/t of 47% concentrate=1036 lbs gross =US58c/lb. When you take in the payability factor which is free metal to the smelter - the smelter is getting 17% of US132c(current zinc price) free in payability or US22.44c/lb - so the smelter is getting over 80.4c/lb out of the 132c zinc price or 61% of the zinc price - the producer in most cases has no chance of making money especially when the concentrate percentage is under 50%.
On production of 65kt of concentrate/quarter, the treatment charges for NCZ go from around A$22mil/qtr to A$58mil/qtr - good luck SS you're going to need it.
Would these guys be the ones that were responsible for doing due...
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