NCZ are going to need to increase their recoveries from 40-45% if they want to be cash flow positive. To support their market cap and ultimately the environmental liabilities which come with this project, the mine has to work very well, not just be average. Last quarter NCZ was cash flow negative by -$23M and they have $22M in the bank. Therefore, they have to improve their recoveries and cash flow this coming quarter or it is going to get hard for them very quickly.
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