NCZ 0.00% $1.10 new century resources limited

Ann: Quarterly Activities and Cashflow Reports, page-23

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  1. 5,114 Posts.
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    If the zinc price continues to a $1.10, hopefully free cash flow will surprised on the upside in the next quarterly report to grab the markets attention. As I said last time, breakeven (BE) looks to be ~$1 so hopefully we'll have just over 2 months above BE prices to report on and an uptick in the recoverable rate. Currently at $1.088

    Looks like the company is getting a few breaks going their way with the zinc price going above BE as they reach full production. The nickel price is heading in the right direction as well. Hopefully they can get the Goro deal done just before the battery mega factories/EV plants come on line desperately needing off-take agreements for supply.
    Last edited by Proga: 06/08/20
 
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