Bottom line is whether NCZ call it "Development Costs" or is it really "Operating Costs??", they burnt through $23M last Quarter and have $22M in cash. Maybe they can drawn down further on the NAB facility in addition to the cash they have? I am not sure about that. NCZ say they expect to be cash flow positive next quarter, but I am more interested in what they are actually achieving as opposed to what they expect to achieve. What they are achieving at the moment is zinc recovery of 40-45% and unless that recovery rate increases significantly they are not going to be cash flow positive. So I will wait for another quarter before looking to buy some NCZ's, as I suspect they are going to get cheaper before any significant share price increase.
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Bottom line is whether NCZ call it "Development Costs" or is it...
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